Jet Airways (India) (BOM:532617) Debt-to-Equity : N/A (As of Jun. 2023)

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What is Jet Airways (India) Debt-to-Equity?

Jet Airways (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₹0.0 Mil. Jet Airways (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₹0.0 Mil. Jet Airways (India)'s Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₹0.0 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 Jet Airways (India)'s Debt-to-Equity or its related term are showing as below:

BOM:532617' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.53 Med: -0.23 Max: -0.2
Current: -0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Jet Airways (India) was -0.20. The lowest was -2.53. And the median was -0.23.

BOM:532617's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.56 vs BOM:532617: -0.20

Jet Airways (India) Debt-to-Equity Historical Data

The historical data trend for Jet Airways (India)'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.

Jet Airways (India) Debt-to-Equity Chart

Jet Airways (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-0.61

-0.23

-0.22

-0.20

Jet Airways (India) Quarterly Data
	Mar17	Mar18	Sep18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-0.21	N/A	-0.20	N/A

Competitive Comparison of Jet Airways (India)'s Debt-to-Equity

For the Airlines subindustry, Jet Airways (India)'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.

Jet Airways (India)'s Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jet Airways (India)'s Debt-to-Equity falls into.

Jet Airways (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jet Airways (India)'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
	=	(35412.1	+	200)	/	-175065
	=	-0.20

Jet Airways (India)'s Debt to Equity Ratio for the quarter that ended in Jun. 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

Jet Airways (India) (BOM:532617) 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.

Jet Airways (India) Debt-to-Equity Related Terms

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Jet Airways (India) (BOM:532617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Airways (India) Ltd (BOM:532617) » Definitions » Debt-to-Equity

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JETAIRWAYS:India

Address

252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070

Website

https://www.jetairways.com

Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.

Jet Airways (India) (BOM:532617) Headlines

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