Zodiac Energy (NSE:ZODIACSMN) Debt-to-Equity : 0.85 (As of Mar. 2024)

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What is Zodiac Energy Debt-to-Equity?

Zodiac Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹317 Mil. Zodiac Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹88 Mil. Zodiac Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹476 Mil. Zodiac Energy's debt to equity for the quarter that ended in Mar. 2024 was 0.85.

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 Zodiac Energy's Debt-to-Equity or its related term are showing as below:

NSE:ZODIACSMN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.7 Max: 2.87
Current: 0.85

During the past 12 years, the highest Debt-to-Equity Ratio of Zodiac Energy was 2.87. The lowest was 0.05. And the median was 0.70.

NSE:ZODIACSMN's Debt-to-Equity is ranked worse than
83.66% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs NSE:ZODIACSMN: 0.85

Zodiac Energy Debt-to-Equity Historical Data

The historical data trend for Zodiac Energy'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.

Zodiac Energy Debt-to-Equity Chart

Zodiac Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.29

0.49

0.54

1.27

0.85

Zodiac Energy Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.27	N/A	1.02	N/A	0.85

Competitive Comparison of Zodiac Energy's Debt-to-Equity

For the Solar subindustry, Zodiac Energy'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.

Zodiac Energy's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zodiac Energy's Debt-to-Equity distribution charts can be found below:

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

Zodiac Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zodiac Energy'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
	=	(317.333	+	87.71)	/	475.74
	=	0.85

Zodiac Energy'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
	=	(317.333	+	87.71)	/	475.74
	=	0.85

Zodiac Energy (NSE:ZODIACSMN) 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.

Zodiac Energy Debt-to-Equity Related Terms

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

Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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