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ROX Hi-Tech (NSE:ROXHITECH) Debt-to-Equity : 0.94 (As of Mar. 2023)


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What is ROX Hi-Tech Debt-to-Equity?

ROX Hi-Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹192 Mil. ROX Hi-Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹34 Mil. ROX Hi-Tech's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹242 Mil. ROX Hi-Tech's debt to equity for the quarter that ended in Mar. 2023 was 0.94.

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 ROX Hi-Tech's Debt-to-Equity or its related term are showing as below:

NSE:ROXHITECH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94   Med: 1.55   Max: 2.04
Current: 0.94

During the past 3 years, the highest Debt-to-Equity Ratio of ROX Hi-Tech was 2.04. The lowest was 0.94. And the median was 1.55.

NSE:ROXHITECH's Debt-to-Equity is ranked worse than
84.27% of 2225 companies
in the Software industry
Industry Median: 0.21 vs NSE:ROXHITECH: 0.94

ROX Hi-Tech Debt-to-Equity Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Debt-to-Equity Chart

ROX Hi-Tech Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
1.55 2.04 0.94

ROX Hi-Tech Semi-Annual Data
Mar21 Mar22 Mar23
Debt-to-Equity 1.55 2.04 0.94

Competitive Comparison of ROX Hi-Tech's Debt-to-Equity

For the Information Technology Services subindustry, ROX Hi-Tech'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.

ROX Hi-Tech's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where ROX Hi-Tech's Debt-to-Equity falls into.


ROX Hi-Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ROX Hi-Tech'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
=(192.004 + 33.832) / 241.503
=0.94

ROX Hi-Tech'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
=(192.004 + 33.832) / 241.503
=0.94

* 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.

ROX Hi-Tech  (NSE:ROXHITECH) 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.

ROX Hi-Tech Debt-to-Equity Related Terms

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

ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
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Address
Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034
Website
https://www.rox.co.in
ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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