Dharani Finance (BOM:511451) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Dharani Finance Debt-to-Equity?

Dharani Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Dharani Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Dharani Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

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

BOM:511451' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.94
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Dharani Finance was 0.94. The lowest was 0.00. And the median was 0.02.

BOM:511451's Debt-to-Equity is ranked better than
96.3% of 433 companies
in the Credit Services industry
Industry Median: 1.13 vs BOM:511451: 0.02

Dharani Finance Debt-to-Equity Historical Data

The historical data trend for Dharani 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.

* Premium members only.

Dharani Finance Debt-to-Equity Chart

Dharani Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.03

0.02

0.03

Dharani Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.03	N/A	0.02	N/A

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

For the Credit Services subindustry, Dharani 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.

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

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

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

Dharani Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dharani Finance's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	2.096)	/	80.993
	=	0.03

Dharani Finance's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	0
	=	N/A

Dharani Finance (BOM:511451) 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.

Dharani Finance Debt-to-Equity Related Terms

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Dharani Finance (BOM:511451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dharani Finance Ltd (BOM:511451) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New No.59 (Old No. 57) Sterling Road, PGP House, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.dharanifinance.com

Dharani Finance Ltd operates as a non-banking finance company in India. The main activities of the company are to carry on the business of hire purchase, leasing of machinery and other equipment, financing industrial enterprises, undertaking the business of financial operations of all kinds, dealing in foreign exchange, providing financial services like investment planning, tax planning, consultancy and much more. In addition, it also acts as a tour agent, carries on the import and export of merchandise, functions as a forwarding agent, freight contractor, warehousing, and many more. The company's operating segments include Financial Services and Travel Services. The majority of its revenue is generated from the Financial Services segment.

Dharani Finance (BOM:511451) Headlines

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