Aastamangalam Finance (BOM:511764) Debt-to-Equity : 1.07 (As of Mar. 2024)

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What is Aastamangalam Finance Debt-to-Equity?

Aastamangalam Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Aastamangalam Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹402.23 Mil. Aastamangalam Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹376.83 Mil. Aastamangalam Finance's debt to equity for the quarter that ended in Mar. 2024 was 1.07.

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 Aastamangalam Finance's Debt-to-Equity or its related term are showing as below:

BOM:511764' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.07 Med: 2.07 Max: 3.07
Current: 1.07

During the past 13 years, the highest Debt-to-Equity Ratio of Aastamangalam Finance was 3.07. The lowest was 1.07. And the median was 2.07.

BOM:511764's Debt-to-Equity is ranked better than
51.97% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BOM:511764: 1.07

Aastamangalam Finance Debt-to-Equity Historical Data

The historical data trend for Aastamangalam Finance'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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Aastamangalam Finance Debt-to-Equity Chart

Aastamangalam Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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3.07

1.07

Aastamangalam Finance 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															3.07	N/A	1.00	N/A	1.07

Competitive Comparison of Aastamangalam Finance's Debt-to-Equity

For the Credit Services subindustry, Aastamangalam Finance'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.

Aastamangalam Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Aastamangalam Finance's Debt-to-Equity distribution charts can be found below:

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

Aastamangalam Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aastamangalam Finance'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	+	402.227)	/	376.828
	=	1.07

Aastamangalam Finance'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	+	402.227)	/	376.828
	=	1.07

Aastamangalam Finance (BOM:511764) 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.

Aastamangalam Finance Debt-to-Equity Related Terms

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Aastamangalam Finance (BOM:511764) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Aastamangalam Finance Ltd (BOM:511764) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No.51 Hunters Road, Choolai, Chennai, TN, IND, 600112

Website

https://www.upasanafinance.com

Aastamangalam Finance Ltd formerly Upasana Finance Ltd is an India-based non-deposit-taking non-banking finance company. The company is engaged in the business of short-term and long-term financing to both corporate and non-corporate entities. It derives revenue in the form of interest income.

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