Jio Financial Services (BOM:543940) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Jio Financial Services Debt-to-Equity?

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

BOM:543940' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.84 Max: 1.36
Current: 0.01

During the past 9 years, the highest Debt-to-Equity Ratio of Jio Financial Services was 1.36. The lowest was 0.01. And the median was 0.84.

BOM:543940's Debt-to-Equity is ranked better than
99.9% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs BOM:543940: 0.01

Jio Financial Services Debt-to-Equity Historical Data

The historical data trend for Jio Financial 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.

Jio Financial Services Debt-to-Equity Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.36

1.25

0.01

Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	0.01	-	N/A

Competitive Comparison of Jio Financial Services's Debt-to-Equity

For the Asset Management subindustry, Jio Financial 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.

Jio Financial Services's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Jio Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jio Financial 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
	=	(0	+	7427.7)	/	1141203.3
	=	0.01

Jio Financial 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

Jio Financial Services (BOM:543940) 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.

Jio Financial Services Debt-to-Equity Related Terms

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

Jio Financial Services (BOM:543940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

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