Innovana Thinklabs (NSE:INNOVANA) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is Innovana Thinklabs Debt-to-Equity?

Innovana Thinklabs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹60 Mil. Innovana Thinklabs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹83 Mil. Innovana Thinklabs's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹1,318 Mil. Innovana Thinklabs's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 Innovana Thinklabs's Debt-to-Equity or its related term are showing as below:

NSE:INNOVANA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 1.31
Current: 0.11

During the past 8 years, the highest Debt-to-Equity Ratio of Innovana Thinklabs was 1.31. The lowest was 0.00. And the median was 0.03.

NSE:INNOVANA's Debt-to-Equity is ranked better than
63.05% of 2211 companies
in the Software industry
Industry Median: 0.21 vs NSE:INNOVANA: 0.11

Innovana Thinklabs Debt-to-Equity Historical Data

The historical data trend for Innovana Thinklabs'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.

Innovana Thinklabs Debt-to-Equity Chart

Innovana Thinklabs Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.01

0.17

0.11

Innovana Thinklabs Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										0.03	0.17	0.16	0.11	0.11

Competitive Comparison of Innovana Thinklabs's Debt-to-Equity

For the Software - Application subindustry, Innovana Thinklabs'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.

Innovana Thinklabs's Debt-to-Equity Distribution in the Software Industry

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

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

Innovana Thinklabs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovana Thinklabs'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
	=	(21.037	+	102.489)	/	1112.043
	=	0.11

Innovana Thinklabs'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
	=	(59.62	+	83.069)	/	1318.091
	=	0.11

Innovana Thinklabs (NSE:INNOVANA) 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.

Innovana Thinklabs Debt-to-Equity Related Terms

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Innovana Thinklabs (NSE:INNOVANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovana Thinklabs Ltd (NSE:INNOVANA) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Plot No. D-41, Patrakar Colony, Raja Park, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur, RJ, IND, 302004

Website

https://www.innovanathinklabs.com

Innovana Thinklabs Ltd is engaged in software and application development business services to the retail user. Principally, the company designs, develop and maintain software systems and solutions, as well as create new applications and enhance the functionality of existing software products. Its product portfolio consists of application and software such as adblocker, disk cleanup, space reviver, file opener, and privacy protector. In addition, the company also produces application and software such as advance password manager, advanced identity protector, malware protection, disk speedup, systems boost, and web protection.

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