Avance Technologies (BOM:512149) Debt-to-Equity : 0.00 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Avance Technologies Debt-to-Equity?

Avance Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Avance Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Avance Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹3,762 Mil. Avance Technologies's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Avance Technologies's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Avance Technologies was 0.49. The lowest was 0.38. And the median was 0.39.

BOM:512149's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Avance Technologies Debt-to-Equity Historical Data

The historical data trend for Avance Technologies'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.

Avance Technologies Debt-to-Equity Chart

Avance Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.49

Avance Technologies 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															-	N/A	-	N/A	-

Competitive Comparison of Avance Technologies's Debt-to-Equity

For the Information Technology Services subindustry, Avance Technologies'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.

Avance Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Avance Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avance Technologies'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
	=	(0	+	0)	/	3761.527
	=	0.00

Avance Technologies'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
	=	(0	+	0)	/	3761.527
	=	0.00

Avance Technologies (BOM:512149) 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.

Avance Technologies Debt-to-Equity Related Terms

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

Avance Technologies (BOM:512149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avance Technologies Ltd (BOM:512149) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office No. 226/227, Second Floor, Majestic Center, 144 Opera House, Mumbai, MH, IND, 400002

Website

https://www.avance.in

Avance Technologies Ltd is engaged in the trading of information technology software products. The company's principal activities include software and hardware resale. Its products and services include short code services, enterprises mobile marketing, mobile marketing solution suit, electronic mail, and web integration, ad insertion program, wireless application protocol, mobile coupons page elements, OBD and IBD, e-mail marketing, call conferencing platform, and subscriber management platform. The firm generates revenue from the sale of IT products.

Avance Technologies (BOM:512149) Headlines

No Headlines