Vinyas Innovative Technologies (NSE:VINYAS) Debt-to-Equity : 1.89 (As of Mar. 2023)

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What is Vinyas Innovative Technologies Debt-to-Equity?

Vinyas Innovative Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹668 Mil. Vinyas Innovative Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹192 Mil. Vinyas Innovative Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹455 Mil. Vinyas Innovative Technologies's debt to equity for the quarter that ended in Mar. 2023 was 1.89.

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 Vinyas Innovative Technologies's Debt-to-Equity or its related term are showing as below:

NSE:VINYAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.89 Med: 3.04 Max: 3.05
Current: 1.89

During the past 3 years, the highest Debt-to-Equity Ratio of Vinyas Innovative Technologies was 3.05. The lowest was 1.89. And the median was 3.04.

NSE:VINYAS's Debt-to-Equity is ranked worse than
95.83% of 2614 companies
in the Industrial Products industry
Industry Median: 0.28 vs NSE:VINYAS: 1.89

Vinyas Innovative Technologies Debt-to-Equity Historical Data

The historical data trend for Vinyas Innovative Technologies'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.

Vinyas Innovative Technologies Debt-to-Equity Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

3.05

3.04

1.89

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	3.05	3.04	1.89

Competitive Comparison of Vinyas Innovative Technologies's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Vinyas Innovative Technologies'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.

Vinyas Innovative Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vinyas Innovative Technologies's Debt-to-Equity falls into.

Vinyas Innovative Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vinyas Innovative Technologies'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
	=	(667.695	+	191.993)	/	455.299
	=	1.89

Vinyas Innovative Technologies'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
	=	(667.695	+	191.993)	/	455.299
	=	1.89

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies Debt-to-Equity Related Terms

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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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