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Micropro Software Solutions (NSE:MICROPRO) Debt-to-Equity : 0.24 (As of Mar. 2023)


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What is Micropro Software Solutions Debt-to-Equity?

Micropro Software Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹25.0 Mil. Micropro Software Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹14.8 Mil. Micropro Software Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹164.8 Mil. Micropro Software Solutions's debt to equity for the quarter that ended in Mar. 2023 was 0.24.

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

NSE:MICROPRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24   Med: 0.56   Max: 0.56
Current: 0.24

During the past 3 years, the highest Debt-to-Equity Ratio of Micropro Software Solutions was 0.56. The lowest was 0.24. And the median was 0.56.

NSE:MICROPRO's Debt-to-Equity is ranked worse than
53.18% of 2219 companies
in the Software industry
Industry Median: 0.21 vs NSE:MICROPRO: 0.24

Micropro Software Solutions Debt-to-Equity Historical Data

The historical data trend for Micropro Software 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.

Micropro Software Solutions Debt-to-Equity Chart

Micropro Software Solutions Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
0.56 0.56 0.24

Micropro Software Solutions Semi-Annual Data
Mar21 Mar22 Mar23
Debt-to-Equity 0.56 0.56 0.24

Competitive Comparison of Micropro Software Solutions's Debt-to-Equity

For the Information Technology Services subindustry, Micropro Software 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.

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

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

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


Micropro Software Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Micropro Software Solutions'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
=(25 + 14.797) / 164.821
=0.24

Micropro Software Solutions'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
=(25 + 14.797) / 164.821
=0.24

* 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.

Micropro Software Solutions  (NSE:MICROPRO) 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.

Micropro Software Solutions Debt-to-Equity Related Terms

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

Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022
Website
https://www.microproindia.com
Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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