Vasa Denticity (NSE:DENTALKART) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Vasa Denticity Debt-to-Equity?

Vasa Denticity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹4.6 Mil. Vasa Denticity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Vasa Denticity's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹595.5 Mil. Vasa Denticity's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Vasa Denticity's Debt-to-Equity or its related term are showing as below:

NSE:DENTALKART' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 1.46 Max: 3.3
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Vasa Denticity was 3.30. The lowest was 0.01. And the median was 1.46.

NSE:DENTALKART's Debt-to-Equity is ranked better than
98.8% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs NSE:DENTALKART: 0.01

Vasa Denticity Debt-to-Equity Historical Data

The historical data trend for Vasa Denticity'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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Vasa Denticity Debt-to-Equity Chart

Vasa Denticity Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Equity

2.37

3.30

0.54

Vasa Denticity Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Debt-to-Equity	2.37	3.30	0.54	0.01

Competitive Comparison of Vasa Denticity's Debt-to-Equity

For the Medical Distribution subindustry, Vasa Denticity'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.

Vasa Denticity's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Vasa Denticity's Debt-to-Equity distribution charts can be found below:

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

Vasa Denticity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vasa Denticity'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
	=	(18.3	+	14.329)	/	60.076
	=	0.54

Vasa Denticity'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
	=	(4.553	+	0)	/	595.466
	=	0.01

Vasa Denticity (NSE:DENTALKART) 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.

Vasa Denticity Debt-to-Equity Related Terms

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Vasa Denticity (NSE:DENTALKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Vasa Denticity Ltd (NSE:DENTALKART) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village, P.O. Chattarpur, Khasra No. 714, South Delhi, Delhi, IND, 110074

Website

https://www.dentalkart.com

Vasa Denticity Ltd is engaged in the business of marketing and distributing a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile through our online portal Dentalkart.com. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.

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