Asian Energy Services (BOM:530355) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Asian Energy Services Debt-to-Equity?

Asian Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹211 Mil. Asian Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13 Mil. Asian Energy Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,779 Mil. Asian Energy Services's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Asian Energy Services's Debt-to-Equity or its related term are showing as below:

BOM:530355' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 11.19
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Asian Energy Services was 11.19. The lowest was 0.02. And the median was 0.09.

BOM:530355's Debt-to-Equity is ranked better than
86.68% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:530355: 0.08

Asian Energy Services Debt-to-Equity Historical Data

The historical data trend for Asian Energy Services'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.

Asian Energy Services Debt-to-Equity Chart

Asian Energy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.03

0.11

0.08

Asian Energy Services 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															0.11	N/A	0.03	N/A	0.08

Competitive Comparison of Asian Energy Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Asian Energy Services'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.

Asian Energy Services's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Asian Energy Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asian Energy Services's Debt-to-Equity falls into.

Asian Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asian Energy Services'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
	=	(210.997	+	12.669)	/	2778.801
	=	0.08

Asian Energy Services'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
	=	(210.997	+	12.669)	/	2778.801
	=	0.08

Asian Energy Services (BOM:530355) 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.

Asian Energy Services Debt-to-Equity Related Terms

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

Asian Energy Services (BOM:530355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Asian Energy Services Ltd (BOM:530355) » Definitions » Debt-to-Equity

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ASIANENE:India

Address

Eastern Express Highway, 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Sion (East), Mumbai, MH, IND, 400022

Website

https://www.asianoilfield.com

Asian Energy Services Ltd is engaged in providing services in the energy sector including oilfield services. The company specializes in a geophysical range of onshore seismic and drilling services, including acquisition, imaging, and field evaluation and two-dimensional (2D) and three-dimensional (3D) seismic data acquisition services. The group also provides Operations and Maintenance (O&M) services for offshore production assets like Floating Production Unit (FPU), Mobile Offshore Production Unit( MOPU), Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO). The company has two reportable segments, which are Oil and Gas and Mineral and other energy sectors.

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