Debt / Equity is defined as:
Total Debt
(/) Total Common Equity
(=) Debt / Equity
Debt / Equity for Solowin is calculated as follows:
Total Debt [ 733 T]
(/) Total Common Equity [ 6.012 M ]
(=) Debt / Equity [ 12.2% ]
The tables below summarizes the trend in Solowin’s Debt / Equity over the last five years:
| Fiscal Year |
Total Debt |
Total Common Equity |
Debt / Equity |
| 2025-03-27 |
NA |
NA |
NA |
| 2021-03-31 |
261 T |
1.464 M |
17.8% |
| 2022-03-31 |
98 T |
2 M |
4.9% |
| 2023-03-31 |
257 T |
3.341 M |
7.7% |
| 2024-03-31 |
1.076 M |
8.924 M |
12.1% |
The tables below summarizes the trend in Solowin’s Debt / Equity over the last four quarters:
| Fiscal Quarter |
Total Debt |
Total Common Equity |
Debt / Equity |
| 2023-12-31 |
1.076 M |
8.924 M |
12.1% |
| 2024-03-31 |
1.076 M |
8.924 M |
12.1% |
| 2024-06-30 |
733 T |
6.012 M |
12.2% |
| 2024-09-30 |
733 T |
6.012 M |
12.2% |
The higher the ratio, the more debt the company has in its capital structure.
Read More on HBR: Debt / Equity Ratio
Click the link below to download a spreadsheet with an example Altman Z-Score calculation for Solowin Holdings Ltd below: