Dev Information Technology (NSE:DEVIT) Debt-to-Equity : 0.26 (As of Mar. 2024)

Dev Information Technology Debt-to-Equity Chart

Dev Information Technology Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity		Get a 7-Day Free Trial					0.33	0.34	0.29	0.18	0.26

Dev Information Technology Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.18	N/A	0.22	N/A	0.26

Competitive Comparison of Dev Information Technology's Debt-to-Equity

For the Information Technology Services subindustry, Dev Information Technology'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.

Dev Information Technology's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Dev Information Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dev Information Technology's Debt-to-Equity falls into.

Dev Information Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dev Information Technology's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dev Information Technology's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.

Dev Information Technology  (NSE:DEVIT) 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.

Dev Information Technology Debt-to-Equity Related Terms

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Dev Information Technology (NSE:DEVIT) Business Description