L&T Technology Services (NSE:LTTS) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is L&T Technology Services Debt-to-Equity?

L&T Technology Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,393 Mil. L&T Technology Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,195 Mil. L&T Technology Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹53,271 Mil. L&T Technology Services's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 L&T Technology Services's Debt-to-Equity or its related term are showing as below:

NSE:LTTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.21
Current: 0.12

During the past 10 years, the highest Debt-to-Equity Ratio of L&T Technology Services was 0.21. The lowest was 0.03. And the median was 0.12.

NSE:LTTS's Debt-to-Equity is ranked better than
61.09% of 2218 companies
in the Software industry
Industry Median: 0.21 vs NSE:LTTS: 0.12

L&T Technology Services Debt-to-Equity Historical Data

The historical data trend for L&T Technology 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.

L&T Technology Services Debt-to-Equity Chart

L&T Technology Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.15

0.14

0.12

0.09

0.12

L&T Technology 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															0.09	N/A	0.12	N/A	0.12

Competitive Comparison of L&T Technology Services's Debt-to-Equity

For the Information Technology Services subindustry, L&T Technology 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.

L&T Technology Services's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, L&T Technology Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where L&T Technology Services's Debt-to-Equity falls into.

L&T Technology Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

L&T Technology 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
	=	(1393	+	5195)	/	53271
	=	0.12

L&T Technology 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
	=	(1393	+	5195)	/	53271
	=	0.12

L&T Technology Services (NSE:LTTS) 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.

L&T Technology Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of L&T Technology Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

L&T Technology Services (NSE:LTTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » L&T Technology Services Ltd (NSE:LTTS) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

540115:India

Address

National Highway No. 8, Ajwa Waghodia Crossing, 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ, Vadodara, GJ, IND, 390 019

Website

https://www.ltts.com

L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Transportation; Industrial Products; Telecom and Hi-tech; Plant Engineering and Medical Devices. It generates maximum revenue from the Transportation segment. The transportation segment offers engineering services and solutions to the transportation industry, which includes OEM and Tier 1 suppliers in the automotive, trucks and off-highway vehicles, aerospace, and rail industries. Geographically, it derives a majority of its revenue from North America.

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