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HRH Next Services (NSE:HRHNEXT) Debt-to-Equity : 0.82 (As of Sep. 2023)


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What is HRH Next Services Debt-to-Equity?

HRH Next Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹97.6 Mil. HRH Next Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹10.8 Mil. HRH Next Services's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹132.1 Mil. HRH Next Services's debt to equity for the quarter that ended in Sep. 2023 was 0.82.

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 HRH Next Services's Debt-to-Equity or its related term are showing as below:

NSE:HRHNEXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64   Med: 0.74   Max: 0.95
Current: 0.82

During the past 3 years, the highest Debt-to-Equity Ratio of HRH Next Services was 0.95. The lowest was 0.64. And the median was 0.74.

NSE:HRHNEXT's Debt-to-Equity is ranked worse than
82.46% of 2207 companies
in the Software industry
Industry Median: 0.2 vs NSE:HRHNEXT: 0.82

HRH Next Services Debt-to-Equity Historical Data

The historical data trend for HRH Next Services'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.

HRH Next Services Debt-to-Equity Chart

HRH Next Services Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
0.67 0.64 0.95

HRH Next Services Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Debt-to-Equity 0.67 0.64 0.95 0.82

Competitive Comparison of HRH Next Services's Debt-to-Equity

For the Information Technology Services subindustry, HRH Next Services'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.

HRH Next Services's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, HRH Next Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HRH Next Services's Debt-to-Equity falls into.


HRH Next Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HRH Next Services'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
=(85.574 + 13.483) / 104.479
=0.95

HRH Next Services'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
=(97.57 + 10.808) / 132.071
=0.82

* 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.

HRH Next Services  (NSE:HRHNEXT) 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.

HRH Next Services Debt-to-Equity Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001
Website
https://www.hrhnext.com
HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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