Sangam Finserv (BOM:538714) Debt-to-Equity : 0.33 (As of Sep. 2023)

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What is Sangam Finserv Debt-to-Equity?

Sangam Finserv's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Sangam Finserv's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹409.5 Mil. Sangam Finserv's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹1,237.8 Mil. Sangam Finserv's debt to equity for the quarter that ended in Sep. 2023 was 0.33.

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 Sangam Finserv's Debt-to-Equity or its related term are showing as below:

BOM:538714' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.67 Max: 3.79
Current: 0.21

During the past 8 years, the highest Debt-to-Equity Ratio of Sangam Finserv was 3.79. The lowest was 0.21. And the median was 0.67.

BOM:538714's Debt-to-Equity is ranked better than
79.67% of 428 companies
in the Credit Services industry
Industry Median: 1.15 vs BOM:538714: 0.21

Sangam Finserv Debt-to-Equity Historical Data

The historical data trend for Sangam Finserv'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.

Sangam Finserv Debt-to-Equity Chart

Sangam Finserv Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.67

0.66

0.39

0.28

0.21

Sangam Finserv Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.28	N/A	0.33	0.21

Competitive Comparison of Sangam Finserv's Debt-to-Equity

For the Credit Services subindustry, Sangam Finserv'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.

Sangam Finserv's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sangam Finserv's Debt-to-Equity distribution charts can be found below:

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

Sangam Finserv Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sangam Finserv'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	+	266.278)	/	1271.295
	=	0.21

Sangam Finserv's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	409.521)	/	1237.788
	=	0.33

Sangam Finserv (BOM:538714) 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.

Sangam Finserv Debt-to-Equity Related Terms

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

Sangam Finserv (BOM:538714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sangam Finserv Ltd (BOM:538714) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dynasty Business Park, B/306-309, Opposite Sangam Cinema, A.K Road, Andheri (East), Mumbai, MH, IND, 400059

Website

http://www.sftc.co.in

Sangam Finserv Ltd, formerly Suchitra Finance & Trading Co Ltd operates in the Financial Services industry. The company is engaged in the business of financing industrial enterprises and investment activity. It generates revenue in the form of interest income.

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