Flomic Global Logistics (BOM:504380) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Flomic Global Logistics Debt-to-Equity?

Flomic Global Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Flomic Global Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Flomic Global Logistics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Flomic Global Logistics's Debt-to-Equity or its related term are showing as below:

BOM:504380' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.34 Med: 1.78 Max: 2.17
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Flomic Global Logistics was 2.17. The lowest was 1.34. And the median was 1.78.

BOM:504380's Debt-to-Equity is ranked worse than
82.97% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs BOM:504380: 1.66

Flomic Global Logistics Debt-to-Equity Historical Data

The historical data trend for Flomic Global Logistics'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.

Flomic Global Logistics Debt-to-Equity Chart

Flomic Global Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.68

1.83

1.89

1.73

Flomic Global Logistics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.73	N/A	1.66	N/A

Competitive Comparison of Flomic Global Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Flomic Global Logistics'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.

Flomic Global Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Flomic Global Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Flomic Global Logistics's Debt-to-Equity falls into.

Flomic Global Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flomic Global Logistics'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
	=	(392.415	+	327.748)	/	416.53
	=	1.73

Flomic Global Logistics's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Flomic Global Logistics (BOM:504380) 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.

Flomic Global Logistics Debt-to-Equity Related Terms

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

Flomic Global Logistics (BOM:504380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flomic Global Logistics Ltd (BOM:504380) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

205, Off Nehru Road, Enterprise Centre, Beside Orchid Hote, Vile Parle (East), Mumbai, MH, IND, 400099

Website

http://www.flomicgroup.com

Flomic Global Logistics Ltd operates in the multi-cargo, multi-surface logistics business. It offers various logistics services including freight forwarding, customs brokerage, warehousing, cross trades and transportation services. The company has only one business segment namely, Freight forwarding and Custom House Agent.

Flomic Global Logistics (BOM:504380) Headlines

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