Aspire and Innovative Advertising (NSE:ASPIRE) Debt-to-Equity : 0.60 (As of Sep. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Aspire and Innovative Advertising Debt-to-Equity?

Aspire and Innovative Advertising's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹57 Mil. Aspire and Innovative Advertising's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹59 Mil. Aspire and Innovative Advertising's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹194 Mil. Aspire and Innovative Advertising's debt to equity for the quarter that ended in Sep. 2023 was 0.60.

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 Aspire and Innovative Advertising's Debt-to-Equity or its related term are showing as below:

NSE:ASPIRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.34 Max: 0.6
Current: 0.6

During the past 3 years, the highest Debt-to-Equity Ratio of Aspire and Innovative Advertising was 0.60. The lowest was 0.11. And the median was 0.34.

NSE:ASPIRE's Debt-to-Equity is ranked worse than
53.51% of 884 companies
in the Transportation industry
Industry Median: 0.55 vs NSE:ASPIRE: 0.60

Aspire and Innovative Advertising Debt-to-Equity Historical Data

The historical data trend for Aspire and Innovative Advertising'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.

* Premium members only.

Aspire and Innovative Advertising Debt-to-Equity Chart

Aspire and Innovative Advertising Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.11

0.57

Aspire and Innovative Advertising Quarterly Data
	Mar21	Mar22	Mar23	Sep23
Debt-to-Equity	0.11	0.11	0.57	0.60

Competitive Comparison of Aspire and Innovative Advertising's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Aspire and Innovative Advertising'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.

Aspire and Innovative Advertising's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aspire and Innovative Advertising's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aspire and Innovative Advertising's Debt-to-Equity falls into.

Aspire and Innovative Advertising Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aspire and Innovative Advertising'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
	=	(42.752	+	45.401)	/	155.124
	=	0.57

Aspire and Innovative Advertising's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(57.341	+	58.748)	/	194.453
	=	0.60

Aspire and Innovative Advertising (NSE:ASPIRE) 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.

Aspire and Innovative Advertising Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Aspire and Innovative Advertising's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Aspire and Innovative Advertising (NSE:ASPIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aspire and Innovative Advertising Ltd (NSE:ASPIRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 52, Sector-44, Gurugram, HR, IND, 122003

Website

https://www.aspireinnovate.in

Aspire and Innovative Advertising Ltd is engaged in the business of trading range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. It provide one platform that bring multiple brands under one umbrella. It is an end-to-end solution company to help partners in Last Mile Delivery Services & Product Distribution and provide technical, operational, financial & after-sales services in the narrowest corner of India.

Aspire and Innovative Advertising (NSE:ASPIRE) Headlines

No Headlines