Can Fin Homes (BOM:511196) Debt-to-Equity : 7.29 (As of Mar. 2024)

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What is Can Fin Homes Debt-to-Equity?

Can Fin Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Can Fin Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹316,451 Mil. Can Fin Homes's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹43,439 Mil. Can Fin Homes's debt to equity for the quarter that ended in Mar. 2024 was 7.29.

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 Can Fin Homes's Debt-to-Equity or its related term are showing as below:

BOM:511196' s Debt-to-Equity Range Over the Past 10 Years
Min: 7.24 Med: 8.9 Max: 10.5
Current: 7.29

During the past 13 years, the highest Debt-to-Equity Ratio of Can Fin Homes was 10.50. The lowest was 7.24. And the median was 8.90.

BOM:511196's Debt-to-Equity is ranked worse than
98.06% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs BOM:511196: 7.29

Can Fin Homes Debt-to-Equity Historical Data

The historical data trend for Can Fin Homes'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.

Can Fin Homes Debt-to-Equity Chart

Can Fin Homes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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8.60

7.24

7.89

7.86

7.29

Can Fin Homes 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															7.86	N/A	7.64	N/A	7.29

Competitive Comparison of Can Fin Homes's Debt-to-Equity

For the Mortgage Finance subindustry, Can Fin Homes'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.

Can Fin Homes's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Can Fin Homes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Can Fin Homes's Debt-to-Equity falls into.

Can Fin Homes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Can Fin Homes'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
	=	(0	+	316451.21)	/	43438.53
	=	7.29

Can Fin Homes'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	+	316451.21)	/	43438.53
	=	7.29

Can Fin Homes (BOM:511196) 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.

Can Fin Homes Debt-to-Equity Related Terms

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

Can Fin Homes (BOM:511196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Can Fin Homes Ltd (BOM:511196) » Definitions » Debt-to-Equity

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CANFINHOME:India

Address

No. 29/1, Sir M N Krishna Rao Road, 1st Floor, Lalbagh West Gate, Basavanagudi, Bengaluru, KA, IND, 560 004

Website

https://www.canfinhomes.com

Can Fin Homes Ltd is an Indian housing finance institution. The company offers a range of loan products, housing loans as well as non-housing loans. It provides Housing loans to individuals, to Builders/developers, and against Property. The company categorized its business into two structures such as housing loans and non-housing loans. It provides loans for various purposes such as the construction of a house, purchase of ready-built houses/flats, repairs, renovation, and an extension of a house as well as for the purchase of the site from development authorities and private developers/parties. In addition, it also accepts deposits from the public such as Fixed deposits and Cumulative deposits. The revenue generated by the company mainly consists of the interest received.

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