Savani Financials (BOM:511577) Debt-to-Equity : 21.72 (As of Mar. 2024)

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What is Savani Financials Debt-to-Equity?

Savani Financials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Savani Financials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹22.14 Mil. Savani Financials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1.02 Mil. Savani Financials's debt to equity for the quarter that ended in Mar. 2024 was 21.72.

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 Savani Financials's Debt-to-Equity or its related term are showing as below:

BOM:511577' s Debt-to-Equity Range Over the Past 10 Years
Min: 21.72 Med: 21.72 Max: 21.72
Current: 21.72

During the past 13 years, the highest Debt-to-Equity Ratio of Savani Financials was 21.72. The lowest was 21.72. And the median was 21.72.

BOM:511577's Debt-to-Equity is ranked worse than
98.83% of 428 companies
in the Credit Services industry
Industry Median: 1.17 vs BOM:511577: 21.72

Savani Financials Debt-to-Equity Historical Data

The historical data trend for Savani Financials'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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Savani Financials Debt-to-Equity Chart

Savani Financials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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21.72

Savani Financials 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															-	N/A	0.37	N/A	21.72

Competitive Comparison of Savani Financials's Debt-to-Equity

For the Credit Services subindustry, Savani Financials'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.

Savani Financials's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Savani Financials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Savani Financials'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	+	22.135)	/	1.019
	=	21.72

Savani Financials'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	+	22.135)	/	1.019
	=	21.72

Savani Financials (BOM:511577) 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.

Savani Financials Debt-to-Equity Related Terms

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Savani Financials (BOM:511577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Savani Financials Ltd (BOM:511577) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Off Link Road, 602, Samarth Vaibhav Co-op Hsg Society Ltd., Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400 053

Website

http://www.savanifinancials.co.in

Savani Financials Ltd is an India-based non-banking financial company. It is engaged in the business of investment and financial services. The company earns income from interest on bank deposits and others.

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