Home First Finance Co India (BOM:543259) Debt-to-Equity : 3.44 (As of Mar. 2024)

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What is Home First Finance Co India Debt-to-Equity?

Home First Finance Co India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Home First Finance Co India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹73,021 Mil. Home First Finance Co India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹21,215 Mil. Home First Finance Co India's debt to equity for the quarter that ended in Mar. 2024 was 3.44.

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 Home First Finance Co India's Debt-to-Equity or its related term are showing as below:

BOM:543259' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.2 Med: 2.67 Max: 3.68
Current: 3.44

During the past 7 years, the highest Debt-to-Equity Ratio of Home First Finance Co India was 3.68. The lowest was 2.20. And the median was 2.67.

BOM:543259's Debt-to-Equity is ranked worse than
93.7% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs BOM:543259: 3.44

Home First Finance Co India Debt-to-Equity Historical Data

The historical data trend for Home First Finance Co India'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.

Home First Finance Co India Debt-to-Equity Chart

Home First Finance Co India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.67

2.21

2.20

2.65

3.44

Home First Finance Co India Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														N/A	2.65	3.08	N/A	3.44

Competitive Comparison of Home First Finance Co India's Debt-to-Equity

For the Mortgage Finance subindustry, Home First Finance Co India'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.

Home First Finance Co India's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Home First Finance Co India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Home First Finance Co India's Debt-to-Equity falls into.

Home First Finance Co India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Home First Finance Co India'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
	=	(0	+	73021.02)	/	21214.85
	=	3.44

Home First Finance Co India'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
	=	(0	+	73021.02)	/	21214.85
	=	3.44

Home First Finance Co India (BOM:543259) 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.

Home First Finance Co India Debt-to-Equity Related Terms

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Home First Finance Co India (BOM:543259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home First Finance Co India Ltd (BOM:543259) » Definitions » Debt-to-Equity

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HOMEFIRST:India

Address

511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, J B Nagar, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.homefirstindia.com

Home First Finance Co India Ltd is an affordable housing finance company. The company is primarily engaged in the business of lending housing loans, loans to purchase commercial property, loans against property, and construction finance.

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