Anand Rathi Wealth (BOM:543415) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Anand Rathi Wealth Debt-to-Equity?

Anand Rathi Wealth's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹169 Mil. Anand Rathi Wealth's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹348 Mil. Anand Rathi Wealth's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹6,489 Mil. Anand Rathi Wealth'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 Anand Rathi Wealth's Debt-to-Equity or its related term are showing as below:

BOM:543415' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.16 Max: 0.37
Current: 0.08

During the past 6 years, the highest Debt-to-Equity Ratio of Anand Rathi Wealth was 0.37. The lowest was 0.08. And the median was 0.16.

BOM:543415's Debt-to-Equity is ranked better than
74.36% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs BOM:543415: 0.08

Anand Rathi Wealth Debt-to-Equity Historical Data

The historical data trend for Anand Rathi Wealth'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.

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Anand Rathi Wealth Debt-to-Equity Chart

Anand Rathi Wealth Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.37

0.20

0.11

0.08

Anand Rathi Wealth Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.08	N/A	0.08	N/A	0.08

Competitive Comparison of Anand Rathi Wealth's Debt-to-Equity

For the Asset Management subindustry, Anand Rathi Wealth'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.

Anand Rathi Wealth's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Anand Rathi Wealth's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Anand Rathi Wealth's Debt-to-Equity falls into.

Anand Rathi Wealth Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anand Rathi Wealth'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
	=	(168.543	+	348.136)	/	6488.54
	=	0.08

Anand Rathi Wealth'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
	=	(168.543	+	348.136)	/	6488.54
	=	0.08

Anand Rathi Wealth (BOM:543415) 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.

Anand Rathi Wealth Debt-to-Equity Related Terms

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Anand Rathi Wealth (BOM:543415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anand Rathi Wealth Ltd (BOM:543415) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ANANDRATHI:India

Address

Senapati Bapat Marg, Trade Link, 2nd and 3rd Floor, E Wing, B and C Block, Kamla Mill Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.rathi.com

Anand Rathi Wealth Ltd is a non-bank wealth solutions firm. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

Anand Rathi Wealth (BOM:543415) Headlines

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