Coforge (BOM:532541) Debt-to-Equity : 0.20 (As of Mar. 2024)

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What is Coforge Debt-to-Equity?

Coforge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,544 Mil. Coforge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,716 Mil. Coforge's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹36,266 Mil. Coforge's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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

BOM:532541' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.2
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Coforge was 0.20. The lowest was 0.01. And the median was 0.02.

BOM:532541's Debt-to-Equity is ranked better than
51.49% of 2218 companies
in the Software industry
Industry Median: 0.21 vs BOM:532541: 0.20

Coforge Debt-to-Equity Historical Data

The historical data trend for Coforge'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.

Coforge Debt-to-Equity Chart

Coforge Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.06

0.03

0.18

0.20

Coforge 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															0.18	N/A	0.36	N/A	0.20

Competitive Comparison of Coforge's Debt-to-Equity

For the Information Technology Services subindustry, Coforge'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.

Coforge's Debt-to-Equity Distribution in the Software Industry

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

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

Coforge Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coforge'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
	=	(1544	+	5716)	/	36266
	=	0.20

Coforge'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
	=	(1544	+	5716)	/	36266
	=	0.20

Coforge (BOM:532541) 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.

Coforge Debt-to-Equity Related Terms

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Coforge (BOM:532541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coforge Ltd (BOM:532541) » Definitions » Debt-to-Equity

Comparable Companies

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COFORGE:India

Address

Guru Ravi Das Marg, 8, Balaji Estate, Third Floor, Kalkaji, New Delhi, IND, 110 019

Website

https://www.coforge.com

Coforge Ltd provides a variety of information technology, or IT, services. The firm's services include infrastructure management, business process, application and network testing, systems integration IP asset-based solutions, and digital services. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include Americas and Canada, Europe, Middle East and Africa, and Asia Pacific.

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