Fincorp Investment (XMAU:FINC.N0000) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Fincorp Investment Debt-to-Equity?

Fincorp Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0.00 Mil. Fincorp Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR593.49 Mil. Fincorp Investment's Total Stockholders Equity for the quarter that ended in Mar. 2024 was MUR7,621.52 Mil. Fincorp Investment's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Fincorp Investment's Debt-to-Equity or its related term are showing as below:

XMAU:FINC.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.37
Current: 0.08

During the past 8 years, the highest Debt-to-Equity Ratio of Fincorp Investment was 0.37. The lowest was 0.06. And the median was 0.09.

XMAU:FINC.N0000's Debt-to-Equity is ranked better than
82.7% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs XMAU:FINC.N0000: 0.08

Fincorp Investment Debt-to-Equity Historical Data

The historical data trend for Fincorp Investment'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.

Fincorp Investment Debt-to-Equity Chart

Fincorp Investment Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.19

0.18

0.30

0.09

Fincorp Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.09	0.08	0.08	0.08

Competitive Comparison of Fincorp Investment's Debt-to-Equity

For the Rental & Leasing Services subindustry, Fincorp Investment'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.

Fincorp Investment's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fincorp Investment's Debt-to-Equity distribution charts can be found below:

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

Fincorp Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fincorp Investment's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	705.397)	/	7521.288
	=	0.09

Fincorp Investment'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
	=	(0	+	593.489)	/	7621.519
	=	0.08

Fincorp Investment (XMAU:FINC.N0000) 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.

Fincorp Investment Debt-to-Equity Related Terms

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

Fincorp Investment (XMAU:FINC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fincorp Investment Ltd (XMAU:FINC.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-15 Sir William Newton Street, Fincorp Invsetment Centre, MCB Centre, Port Louis, MUS

Website

http://www.fincorp.mu

Fincorp Investment Ltd invests in the financial services sector and provides both finance and operating leases for equipment and motor vehicles in Mauritius. The company offers finance and operating leasing solutions and takes deposit and invest in priority in the financial services sector.

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