Trust Fintech (NSE:TRUST) Debt-to-Equity : -0.01 (As of Sep. 2023)

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What is Trust Fintech Debt-to-Equity?

Trust Fintech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹-3.4 Mil. Trust Fintech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Trust Fintech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹344.7 Mil. Trust Fintech's debt to equity for the quarter that ended in Sep. 2023 was -0.01.

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 Trust Fintech's Debt-to-Equity or its related term are showing as below:

NSE:TRUST's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Trust Fintech Debt-to-Equity Historical Data

The historical data trend for Trust Fintech'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.

Trust Fintech Debt-to-Equity Chart

Trust Fintech Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

-0.03

0.08

Trust Fintech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Debt-to-Equity	-0.03	0.08	-	-0.01

Competitive Comparison of Trust Fintech's Debt-to-Equity

For the Software - Application subindustry, Trust Fintech'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.

Trust Fintech's Debt-to-Equity Distribution in the Software Industry

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

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

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Trust Fintech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trust Fintech'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
	=	(-0.38	+	0)	/	271.86
	=	-0.00

Trust Fintech'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
	=	(-3.432	+	0)	/	344.655
	=	-0.01

Trust Fintech (NSE:TRUST) 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.

Trust Fintech Debt-to-Equity Related Terms

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

Trust Fintech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Trust Fintech Ltd (NSE:TRUST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gayatri Nagar Parsodi, Plot No. 11/4, I.T. Park, Nagpur, MH, IND, 440022

Website

https://www.softtrust.com

Trust Fintech Ltd is engaged in software development services and software solutions. The company delivers Software Solutions and Services across Banking, ERP Implementation, Customized Software Development, SAP B1, and Offshore IT Services. Its products are TrustBankCBS, MicroFinS, Loan Origination, GST Software, ERP Products, Fintech API, Digital Interface, Mobility Apps, BFSI Statutory Reports (ADF), Universal Digital Reconciliation, and others.

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