WSFX Global Pay (BOM:511147) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is WSFX Global Pay Debt-to-Equity?

WSFX Global Pay's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹29.0 Mil. WSFX Global Pay's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹17.4 Mil. WSFX Global Pay's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹325.4 Mil. WSFX Global Pay's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

BOM:511147' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.46 Max: 2.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of WSFX Global Pay was 2.14. The lowest was 0.14. And the median was 0.46.

BOM:511147's Debt-to-Equity is ranked better than
65.79% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs BOM:511147: 0.14

WSFX Global Pay Debt-to-Equity Historical Data

The historical data trend for WSFX Global Pay'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.

WSFX Global Pay Debt-to-Equity Chart

WSFX Global Pay Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.25

0.34

0.58

0.52

0.14

WSFX Global Pay Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.52	N/A	0.36	N/A	0.14

Competitive Comparison of WSFX Global Pay's Debt-to-Equity

For the Capital Markets subindustry, WSFX Global Pay'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.

WSFX Global Pay's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, WSFX Global Pay's Debt-to-Equity distribution charts can be found below:

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

WSFX Global Pay Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WSFX Global Pay's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(29.002	+	17.395)	/	325.444
	=	0.14

WSFX Global Pay's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(29.002	+	17.395)	/	325.444
	=	0.14

WSFX Global Pay (BOM:511147) 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.

WSFX Global Pay Debt-to-Equity Related Terms

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

WSFX Global Pay (BOM:511147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » WSFX Global Pay Ltd (BOM:511147) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 622, M.V. Road, 6th Floor, The Summit Business Bay - Omkar Prakash Wadi, Opposite PVR Cinema, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.wsfx.in

WSFX Global Pay Ltd is a financial service company in India. It is an RBI licensed, Authorized Dealer Category II foreign exchange house. The company is engaged in the foreign currency business and money transfer business. The segments of the company for forex are Wholesale, Student, Retail, Corporate, and Remittance. It offers products such as Currency Notes, Forex Prepaid Cards, Travellers Cheque, Outward Remittances, Travel Insurance, Smart Currency Card, and Student Identity Card.

WSFX Global Pay (BOM:511147) Headlines

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