Ascom Leasing & Investments (NSE:ASCOM) Debt-to-Equity : 0.01 (As of Mar. 2023)

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What is Ascom Leasing & Investments Debt-to-Equity?

Ascom Leasing & Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.7 Mil. Ascom Leasing & Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹3.0 Mil. Ascom Leasing & Investments's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹397.0 Mil. Ascom Leasing & Investments's debt to equity for the quarter that ended in Mar. 2023 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ascom Leasing & Investments's Debt-to-Equity or its related term are showing as below:

NSE:ASCOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.73
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Ascom Leasing & Investments was 0.73. The lowest was 0.01. And the median was 0.21.

NSE:ASCOM's Debt-to-Equity is ranked better than
99.77% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs NSE:ASCOM: 0.01

Ascom Leasing & Investments Debt-to-Equity Historical Data

The historical data trend for Ascom Leasing & Investments's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ascom Leasing & Investments Debt-to-Equity Chart

Ascom Leasing & Investments Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.73

0.38

0.25

0.11

0.01

Ascom Leasing & Investments Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial			0.73	0.38	0.25	0.11	0.01

Competitive Comparison of Ascom Leasing & Investments's Debt-to-Equity

For the Credit Services subindustry, Ascom Leasing & Investments's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ascom Leasing & Investments's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ascom Leasing & Investments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ascom Leasing & Investments's Debt-to-Equity falls into.

Ascom Leasing & Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ascom Leasing & Investments's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.713	+	3.048)	/	396.994
	=	0.01

Ascom Leasing & Investments's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.713	+	3.048)	/	396.994
	=	0.01

Ascom Leasing & Investments (NSE:ASCOM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ascom Leasing & Investments Debt-to-Equity Related Terms

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Ascom Leasing & Investments (NSE:ASCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ascom Leasing & Investments Ltd (NSE:ASCOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aditya Group 331-336, VIP Road Vesu, 3rd Floor, Four Point Complex, Besides Manibha Park, Surat, GJ, IND, 395007

Website

https://www.ascomfinance.com

Ascom Leasing & Investments Ltd is a non-banking finance company engaged in the business of finance and lending. The company provides term loans, mortgage financing, personal loans, Gold loans, and Projected loans.

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