Thinking Hats Entertainment Solutions (NSE:THESL) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Thinking Hats Entertainment Solutions Debt-to-Equity?

Thinking Hats Entertainment Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹45.1 Mil. Thinking Hats Entertainment Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9.2 Mil. Thinking Hats Entertainment Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹110.0 Mil. Thinking Hats Entertainment Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 Thinking Hats Entertainment Solutions's Debt-to-Equity or its related term are showing as below:

NSE:THESL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.49 Max: 0.72
Current: 0.49

During the past 3 years, the highest Debt-to-Equity Ratio of Thinking Hats Entertainment Solutions was 0.72. The lowest was 0.08. And the median was 0.49.

NSE:THESL's Debt-to-Equity is ranked worse than
62.93% of 839 companies
in the Media - Diversified industry
Industry Median: 0.27 vs NSE:THESL: 0.49

Thinking Hats Entertainment Solutions Debt-to-Equity Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions Debt-to-Equity Chart

Thinking Hats Entertainment Solutions Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Equity

0.08

0.72

0.49

Thinking Hats Entertainment Solutions Semi-Annual Data
	Mar22	Mar23	Mar24
Debt-to-Equity	0.08	0.72	0.49

Competitive Comparison of Thinking Hats Entertainment Solutions's Debt-to-Equity

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Debt-to-Equity falls into.

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Thinking Hats Entertainment Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thinking Hats Entertainment Solutions'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
	=	(45.147	+	9.199)	/	109.986
	=	0.49

Thinking Hats Entertainment Solutions'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
	=	(45.147	+	9.199)	/	109.986
	=	0.49

Thinking Hats Entertainment Solutions (NSE:THESL) 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.

Thinking Hats Entertainment Solutions Debt-to-Equity Related Terms

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Thinking Hats Entertainment Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.thes.in

Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

Thinking Hats Entertainment Solutions Headlines

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