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Firstsource Solutions (NSE:FSL) Debt-to-Equity : 0.41 (As of Mar. 2024)


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What is Firstsource Solutions Debt-to-Equity?

Firstsource Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9,576 Mil. Firstsource Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,756 Mil. Firstsource Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹37,004 Mil. Firstsource Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Firstsource Solutions's Debt-to-Equity or its related term are showing as below:

NSE:FSL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.45   Max: 0.69
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Firstsource Solutions was 0.69. The lowest was 0.21. And the median was 0.45.

NSE:FSL's Debt-to-Equity is ranked worse than
66.07% of 2225 companies
in the Software industry
Industry Median: 0.21 vs NSE:FSL: 0.41

Firstsource Solutions Debt-to-Equity Historical Data

The historical data trend for Firstsource Solutions'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.

Firstsource Solutions Debt-to-Equity Chart

Firstsource Solutions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.43 0.59 0.41 0.41

Firstsource Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 N/A 0.41 N/A 0.41

Competitive Comparison of Firstsource Solutions's Debt-to-Equity

For the Information Technology Services subindustry, Firstsource Solutions'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.


Firstsource Solutions's Debt-to-Equity Distribution in the Software Industry

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

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



Firstsource Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firstsource Solutions's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Firstsource Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Firstsource Solutions  (NSE:FSL) 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.


Firstsource Solutions Debt-to-Equity Related Terms

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


Firstsource Solutions (NSE:FSL) Business Description

Traded in Other Exchanges
Address
Mindspace, Link Road, 5th Floor, Paradigm ‘B’ Wing, Malad (West), Mumbai, MH, IND, 400 064
Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives a majority of its revenue from the United States of America.

Firstsource Solutions (NSE:FSL) Headlines

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