Octaware Technologies (BOM:540416) Debt-to-Equity : 0.05 (As of Sep. 2023)

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What is Octaware Technologies Debt-to-Equity?

Octaware Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Octaware Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹7.5 Mil. Octaware Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹144.9 Mil. Octaware Technologies's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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

BOM:540416' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.05

During the past 10 years, the highest Debt-to-Equity Ratio of Octaware Technologies was 0.11. The lowest was 0.00. And the median was 0.04.

BOM:540416's Debt-to-Equity is ranked better than
77.91% of 2214 companies
in the Software industry
Industry Median: 0.21 vs BOM:540416: 0.05

Octaware Technologies Debt-to-Equity Historical Data

The historical data trend for Octaware Technologies'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.

Octaware Technologies Debt-to-Equity Chart

Octaware Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.11

0.04

Octaware Technologies Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													-	-	0.02	0.04	0.05

Competitive Comparison of Octaware Technologies's Debt-to-Equity

For the Software - Application subindustry, Octaware Technologies'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.

Octaware Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Octaware Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Octaware Technologies'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
	=	(0.303	+	6.079)	/	149.658
	=	0.04

Octaware Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	7.508)	/	144.85
	=	0.05

Octaware Technologies (BOM:540416) 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.

Octaware Technologies Debt-to-Equity Related Terms

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Octaware Technologies (BOM:540416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Octaware Technologies Ltd (BOM:540416) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Makwana Road, Off Andheri-Kurla, 204, Timmy Arcade, Marol, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.octaware.com

Octaware Technologies Ltd is a software development, enterprise solutions and consulting firm. It serves healthcare, finance, government, education, real estate and construction and other industries. The company services include Enterprise Portal, ERP and CRM Implementation, Software Architecture, Software Development Services, Mobile Solutions, Cloud, Security and IT Infrastructure Services, Geospatial Services and others. Some of its product includes PowerERM; Hospice; iOnAsset; Intelli Trade and others. It also has a presence in the USA, Singapore, UAE, Qatar, Saudi Arabia, and India. Revenue is generated from the sale of services.

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