Reliable Data Services (NSE:RELIABLE) Debt-to-Equity : 0.50 (As of Sep. 2023)

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What is Reliable Data Services Debt-to-Equity?

Reliable Data Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹178.2 Mil. Reliable Data Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹57.0 Mil. Reliable Data Services's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹468.0 Mil. Reliable Data Services's debt to equity for the quarter that ended in Sep. 2023 was 0.50.

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

NSE:RELIABLE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.4 Max: 1.34
Current: 0.5

During the past 11 years, the highest Debt-to-Equity Ratio of Reliable Data Services was 1.34. The lowest was 0.22. And the median was 0.40.

NSE:RELIABLE's Debt-to-Equity is ranked worse than
72.12% of 2202 companies
in the Software industry
Industry Median: 0.2 vs NSE:RELIABLE: 0.50

Reliable Data Services Debt-to-Equity Historical Data

The historical data trend for Reliable Data 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.

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Reliable Data Services Debt-to-Equity Chart

Reliable Data Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.22

0.42

0.38

0.65

Reliable Data Services Quarterly Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.39	N/A	0.65	0.50

Competitive Comparison of Reliable Data Services's Debt-to-Equity

For the Information Technology Services subindustry, Reliable Data 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.

Reliable Data Services's Debt-to-Equity Distribution in the Software Industry

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

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

Reliable Data Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reliable Data 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
	=	(255.591	+	35.448)	/	445.231
	=	0.65

Reliable Data 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
	=	(178.243	+	57.011)	/	467.981
	=	0.50

Reliable Data Services (NSE:RELIABLE) 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.

Reliable Data Services Debt-to-Equity Related Terms

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

Reliable Data Services (NSE:RELIABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Reliable Data Services Ltd (NSE:RELIABLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-70, Sector - 2, Noida, UP, IND, 201301

Website

https://www.rdspl.com

Reliable Data Services Ltd is an India-based company that provides IT and IT-enabled services to various banking, financial services, and other manufacturing industries in the field of back-office processing, front office follow-ups, and management services. The business segments comprises of which are Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance. The Banking, Financial Services and Insurance segment makes majority of its revenue for the company. The company provides transaction processing services and payroll services as well.

Reliable Data Services (NSE:RELIABLE) Headlines

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