Franklin Leasing and Finance (BOM:539839) Debt-to-Equity : 2.21 (As of Mar. 2023)

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What is Franklin Leasing and Finance Debt-to-Equity?

Franklin Leasing and Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil. Franklin Leasing and Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹8.3 Mil. Franklin Leasing and Finance's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹3.7 Mil. Franklin Leasing and Finance's debt to equity for the quarter that ended in Mar. 2023 was 2.21.

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

BOM:539839' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.21 Med: 2.23 Max: 243.68
Current: 2.21

During the past 13 years, the highest Debt-to-Equity Ratio of Franklin Leasing and Finance was 243.68. The lowest was 2.21. And the median was 2.23.

BOM:539839's Debt-to-Equity is ranked worse than
65.89% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BOM:539839: 2.21

Franklin Leasing and Finance Debt-to-Equity Historical Data

The historical data trend for Franklin Leasing and 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.

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Franklin Leasing and Finance Debt-to-Equity Chart

Franklin Leasing and Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.23

243.68

2.21

Franklin Leasing and Finance Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															2.23	2.32	243.68	2.40	2.21

Competitive Comparison of Franklin Leasing and Finance's Debt-to-Equity

For the Credit Services subindustry, Franklin Leasing and 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.

Franklin Leasing and Finance's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Franklin Leasing and Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Franklin Leasing and 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	+	8.25)	/	3.728
	=	2.21

Franklin Leasing and Finance's Debt to Equity Ratio for the quarter 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	+	8.25)	/	3.728
	=	2.21

Franklin Leasing and Finance (BOM:539839) 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.

Franklin Leasing and Finance Debt-to-Equity Related Terms

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Franklin Leasing and Finance (BOM:539839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Franklin Leasing and Finance Ltd (BOM:539839) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 44, Unit/Shop No.205, 2nd Floor, Aggarwal City Mall, Pitampura, New Delhi, IND, 110034

Website

http://www.franklinleasing.in

Franklin Leasing and Finance Ltd is a non-banking financial company. It is engaged in advancing loans and investing/trading in securities. It offers inter-corporate deposits, loans against property, personal loans, and unsecured loans. The group operates in segments of investment in securities and extending financial loan services.

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