Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tech Mahindra's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹266,694 Mil. Tech Mahindra's Total Assets for the quarter that ended in Mar. 2024 was ₹434,236 Mil.
Therefore, Tech Mahindra's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.61.
The historical rank and industry rank for Tech Mahindra's Equity-to-Asset or its related term are showing as below:
BOM:532755'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.62 Max: 0.65
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of Tech Mahindra was 0.65. The lowest was 0.58. And the median was 0.62.
BOM:532755's Equity-to-Asset is ranked better than 58.88% of 2845
companies
in the Software industry
Industry Median: 0.55
vs BOM:532755: 0.61
Tech Mahindra Equity-to-Asset Historical Data
The historical data trend for Tech Mahindra's Equity-to-Asset 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.
Competitive Comparison of Tech Mahindra's Equity-to-Asset
For the Information Technology Services subindustry, Tech Mahindra's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Tech Mahindra's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Tech Mahindra's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tech Mahindra's Equity-to-Asset falls into.
Tech Mahindra Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Tech Mahindra's Equity to Asset Ratio for the fiscal year 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Tech Mahindra Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tech Mahindra's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Processing Outsourcing. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company's approach includes cost reduction, process optimization, and ownership through automation and productivity improvements. Tech Mahindra generates approximately half of its revenue from the United States.
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