Virtuoso OptoElectronics (BOM:543597) Debt-to-Equity : 0.64 (As of Mar. 2024)

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What is Virtuoso OptoElectronics Debt-to-Equity?

Virtuoso OptoElectronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹746 Mil. Virtuoso OptoElectronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹604 Mil. Virtuoso OptoElectronics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,096 Mil. Virtuoso OptoElectronics's debt to equity for the quarter that ended in Mar. 2024 was 0.64.

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 Virtuoso OptoElectronics's Debt-to-Equity or its related term are showing as below:

BOM:543597' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 3.15 Max: 3.43
Current: 0.64

During the past 5 years, the highest Debt-to-Equity Ratio of Virtuoso OptoElectronics was 3.43. The lowest was 0.64. And the median was 3.15.

BOM:543597's Debt-to-Equity is ranked worse than
75.13% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:543597: 0.64

Virtuoso OptoElectronics Debt-to-Equity Historical Data

The historical data trend for Virtuoso OptoElectronics'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.

Virtuoso OptoElectronics Debt-to-Equity Chart

Virtuoso OptoElectronics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

3.43

3.15

3.20

0.94

0.64

Virtuoso OptoElectronics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			3.20	1.32	0.94	1.16	0.64

Competitive Comparison of Virtuoso OptoElectronics's Debt-to-Equity

For the Consumer Electronics subindustry, Virtuoso OptoElectronics'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.

Virtuoso OptoElectronics's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Virtuoso OptoElectronics's Debt-to-Equity distribution charts can be found below:

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

Virtuoso OptoElectronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtuoso OptoElectronics'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
	=	(745.609	+	604.105)	/	2095.777
	=	0.64

Virtuoso OptoElectronics'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
	=	(745.609	+	604.105)	/	2095.777
	=	0.64

Virtuoso OptoElectronics (BOM:543597) 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.

Virtuoso OptoElectronics Debt-to-Equity Related Terms

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

Virtuoso OptoElectronics (BOM:543597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Virtuoso OptoElectronics Ltd (BOM:543597) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot No. 7 M.I.D.C, Satpur, Nasik, MH, IND, 422007

Website

https://www.voepl.com

Virtuoso OptoElectronics Ltd is engaged in the manufacturing of consumer durable goods, assembles a wide array of products and provide end-to-end product solutions. The company's product portfolio of consumer goods includes Split Air Conditioners; Water Heaters; LED Lighting products; and other miscellaneous products such as injection moulding components for air conditioners.

Virtuoso OptoElectronics (BOM:543597) Headlines

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