Sancode Technologies (BOM:543897) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Sancode Technologies Debt-to-Equity?

Sancode Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.75 Mil. Sancode Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.52 Mil. Sancode Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹66.39 Mil. Sancode Technologies's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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

BOM:543897' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.29
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Sancode Technologies was 0.29. The lowest was 0.00. And the median was 0.06.

BOM:543897's Debt-to-Equity is ranked better than
95.46% of 926 companies
in the Business Services industry
Industry Median: 0.375 vs BOM:543897: 0.02

Sancode Technologies Debt-to-Equity Historical Data

The historical data trend for Sancode 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.

Sancode Technologies Debt-to-Equity Chart

Sancode Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Equity

0.29

0.07

Sancode Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Debt-to-Equity	-	0.29	0.07	0.06	0.02

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

For the Consulting Services subindustry, Sancode 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.

Sancode Technologies's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sancode Technologies's Debt-to-Equity distribution charts can be found below:

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

Sancode Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sancode Technologies's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(1.511	+	0.565)	/	28.707
	=	0.07

Sancode 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
	=	(0.75	+	0.521)	/	66.391
	=	0.02

Sancode Technologies (BOM:543897) 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.

Sancode Technologies Debt-to-Equity Related Terms

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

Sancode Technologies (BOM:543897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sancode Technologies Ltd (BOM:543897) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

B.M. Road, Opposite Elphinstone Station, 107, Prime Plaza, J.V. Patel Compound, Mumbai, MH, IND, 400013

Website

https://www.sancodetech.com

Sancode Technologies Ltd provides management consultancy services and ancillary services to startups and other entities. The firm's entire business falls under one segment namely Management consultancy services. It engages in software and product Digital transformation. Workflow automation., Artificial intelligence (AI), and Machine learning (ML). Robotic Process Automation (RPA) and Data Analytics, Metaverse, Web3 applications, and System Integration. development offering an API-enabled platform and solutions that enable organizations to adopt powerful technology applications addressing their strategic business needs rapidly.

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