Primech Holdings (Primech Holdings) Debt-to-Equity : 2.46 (As of Sep. 2023)

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What is Primech Holdings Debt-to-Equity?

Primech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $13.71 Mil. Primech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.70 Mil. Primech Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.72 Mil. Primech Holdings's debt to equity for the quarter that ended in Sep. 2023 was 2.45.

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 Primech Holdings's Debt-to-Equity or its related term are showing as below:

PMEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 1.08 Max: 2.55
Current: 2.46

During the past 4 years, the highest Debt-to-Equity Ratio of Primech Holdings was 2.55. The lowest was 0.39. And the median was 1.08.

PMEC's Debt-to-Equity is ranked worse than
89.63% of 926 companies
in the Business Services industry
Industry Median: 0.375 vs PMEC: 2.46

Primech Holdings Debt-to-Equity Historical Data

The historical data trend for Primech Holdings'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.

Primech Holdings Debt-to-Equity Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.39

0.55

1.08

2.55

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.99	1.08	2.10	2.55	2.46

Competitive Comparison of Primech Holdings's Debt-to-Equity

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Debt-to-Equity Distribution in the Business Services Industry

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

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

Primech Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primech Holdings'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
	=	(13.623	+	8.742)	/	8.781
	=	2.55

Primech Holdings'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
	=	(13.711	+	7.696)	/	8.72
	=	2.45

Primech Holdings (NAS:PMEC) 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.

Primech Holdings Debt-to-Equity Related Terms

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Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

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