Riddhiorate Services (BOM:540590) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Riddhiorate Services Debt-to-Equity?

Riddhiorate Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Riddhiorate Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Riddhiorate Services'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 Riddhiorate Services's Debt-to-Equity or its related term are showing as below:

BOM:540590' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.28 Max: 4.15
Current: 2.11

During the past 7 years, the highest Debt-to-Equity Ratio of Riddhiorate Services was 4.15. The lowest was 0.16. And the median was 0.28.

BOM:540590's Debt-to-Equity is ranked worse than
86.89% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs BOM:540590: 2.11

Riddhiorate Services Debt-to-Equity Historical Data

The historical data trend for Riddhiorate 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.

Riddhiorate Services Debt-to-Equity Chart

Riddhiorate Services Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.44

0.19

0.28

4.15

2.44

Riddhiorate Services 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	2.44	N/A	2.11	N/A

Competitive Comparison of Riddhiorate Services's Debt-to-Equity

For the Specialty Business Services subindustry, Riddhiorate 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.

Riddhiorate Services's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Riddhiorate Services's Debt-to-Equity distribution charts can be found below:

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

Riddhiorate Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Riddhiorate Services'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
	=	(268.567	+	984.222)	/	514.329
	=	2.44

Riddhiorate Services'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

Riddhiorate Services (BOM:540590) 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.

Riddhiorate Services Debt-to-Equity Related Terms

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Riddhiorate Services (BOM:540590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Riddhi Corporate Services Ltd (BOM:540590) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 10, Mill Officers Colony, Behind Old RBI, Opposite Times Of India, Ahmedabad, GJ, IND, 380009

Website

https://www.riddhicorporate.co.in

Riddhi Corporate Services Ltd is engaged in data processing, hosting, and related activities. Its other activities include document management and digitization, contact centre, warehousing, address verification, data entry services, and software development. The company serves Telecom, Banking, NBFC, and IT sectors.

Riddhiorate Services (BOM:540590) Headlines

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