Sigma Solve (NSE:SIGMA) Debt-to-Equity : 0.13 (As of Sep. 2023)

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What is Sigma Solve Debt-to-Equity?

Sigma Solve's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹11.8 Mil. Sigma Solve's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹43.5 Mil. Sigma Solve's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹422.7 Mil. Sigma Solve's debt to equity for the quarter that ended in Sep. 2023 was 0.13.

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 Sigma Solve's Debt-to-Equity or its related term are showing as below:

NSE:SIGMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.87
Current: 0.13

During the past 6 years, the highest Debt-to-Equity Ratio of Sigma Solve was 0.87. The lowest was 0.01. And the median was 0.11.

NSE:SIGMA's Debt-to-Equity is ranked better than
59.97% of 2216 companies
in the Software industry
Industry Median: 0.21 vs NSE:SIGMA: 0.13

Sigma Solve Debt-to-Equity Historical Data

The historical data trend for Sigma Solve'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.

Sigma Solve Debt-to-Equity Chart

Sigma Solve Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.87

0.51

0.06

0.01

0.11

Sigma Solve Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					0.05	0.01	0.06	0.11	0.13

Competitive Comparison of Sigma Solve's Debt-to-Equity

For the Information Technology Services subindustry, Sigma Solve'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.

Sigma Solve's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Sigma Solve's Debt-to-Equity distribution charts can be found below:

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

Sigma Solve Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sigma Solve'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
	=	(8.556	+	30.143)	/	341.755
	=	0.11

Sigma Solve'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
	=	(11.793	+	43.524)	/	422.728
	=	0.13

Sigma Solve (NSE:SIGMA) 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.

Sigma Solve Debt-to-Equity Related Terms

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

Sigma Solve (NSE:SIGMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sigma Solve Ltd (NSE:SIGMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

543917:India

Address

Sindhu Bhavan Road, S G Highway, Alpha Megacone House, Opposite Armieda, 305-308, 3rd Floor, Ahmedabad, GJ, IND, 380054

Website

https://www.sigmasolve.in

Sigma Solve Ltd is involved in providing enterprise software solutions. The company provides services related to Web and E-commerce development, Real-time application development, Business Intelligence Analytics, CRM development, Digital marketing, UI and UX design, Automation testing and Quality assurance. The firm generates revenue is from the export of services.

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