Kody Technolab (NSE:KODYTECH) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Kody Technolab Debt-to-Equity?

Kody Technolab's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Kody Technolab's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹10.0 Mil. Kody Technolab's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹371.1 Mil. Kody Technolab's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Kody Technolab's Debt-to-Equity or its related term are showing as below:

NSE:KODYTECH' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.48 Med: -0.43 Max: 1.59
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of Kody Technolab was 1.59. The lowest was -1.48. And the median was -0.43.

NSE:KODYTECH's Debt-to-Equity is ranked better than
86.84% of 2204 companies
in the Software industry
Industry Median: 0.2 vs NSE:KODYTECH: 0.03

Kody Technolab Debt-to-Equity Historical Data

The historical data trend for Kody Technolab'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.

Kody Technolab Debt-to-Equity Chart

Kody Technolab Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

-0.88

-1.48

1.59

0.03

Kody Technolab Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	-0.88	-1.48	1.59	0.03

Competitive Comparison of Kody Technolab's Debt-to-Equity

For the Information Technology Services subindustry, Kody Technolab'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.

Kody Technolab's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Kody Technolab's Debt-to-Equity falls into.

Kody Technolab Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kody Technolab's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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	+	9.966)	/	371.068
	=	0.03

Kody Technolab's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	9.966)	/	371.068
	=	0.03

Kody Technolab (NSE:KODYTECH) 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.

Kody Technolab Debt-to-Equity Related Terms

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Kody Technolab (NSE:KODYTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kody Technolab Ltd (NSE:KODYTECH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, Block-J, Safal Monde, Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.kodytechnolab.com

Kody Technolab Ltd is a company is in business of software development services to a diverse set of industries. It is a full stack development company that provides innovative and cutting-edge digital solutions to the clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. They offer a wide range of services that include custom development, AI Consultation & Implementation, IOT Services, and IT consulting services.

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