Getalong Enterprise (BOM:543372) Debt-to-Equity : 1.15 (As of Mar. 2023)

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What is Getalong Enterprise Debt-to-Equity?

Getalong Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹107.8 Mil. Getalong Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil. Getalong Enterprise's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹93.6 Mil. Getalong Enterprise's debt to equity for the quarter that ended in Mar. 2023 was 1.15.

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

BOM:543372' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.24 Max: 1.15
Current: 1.15

During the past 3 years, the highest Debt-to-Equity Ratio of Getalong Enterprise was 1.15. The lowest was 0.02. And the median was 0.24.

BOM:543372's Debt-to-Equity is ranked worse than
65.91% of 88 companies
in the Personal Services industry
Industry Median: 0.73 vs BOM:543372: 1.15

Getalong Enterprise Debt-to-Equity Historical Data

The historical data trend for Getalong Enterprise'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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Getalong Enterprise Debt-to-Equity Chart

Getalong Enterprise Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.02

0.24

1.15

Getalong Enterprise Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	0.02	N/A	0.24	0.18	1.15

Competitive Comparison of Getalong Enterprise's Debt-to-Equity

For the Personal Services subindustry, Getalong Enterprise'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.

Getalong Enterprise's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Getalong Enterprise's Debt-to-Equity distribution charts can be found below:

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

Getalong Enterprise Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Getalong Enterprise'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
	=	(107.848	+	0)	/	93.568
	=	1.15

Getalong Enterprise'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
	=	(107.848	+	0)	/	93.568
	=	1.15

Getalong Enterprise (BOM:543372) 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.

Getalong Enterprise Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Getalong Enterprise's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Getalong Enterprise (BOM:543372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Getalong Enterprise Ltd (BOM:543372) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Damji Shamji Corporate Square, Office No. 402, B-Wing, Laxmi Nagar, Ghatkopar (East), Mumbai, MH, IND, 400 075

Website

https://www.getalongenterprise.com

Getalong Enterprise Ltd is engaged in the business of providing Tax Advisory and compliance Filing Services on a standalone basis and trading Garments in its subsidiary. The firm's service offering comprises Tax Advisory, Tax Compliance, Legal Services, Business Formation, Financial services, and Allied services.

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