|Bid||40.59 x 900|
|Ask||40.60 x 800|
|Day's Range||40.54 - 41.70|
|52 Week Range||19.41 - 43.94|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||25.85|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||0.43 (1.03%)|
|Ex-Dividend Date||Mar 09, 2021|
|1y Target Est||48.38|
Over the past three months, shares of Genpact (NYSE:G) rose by 2.20%. Before we understand the importance of debt, let us look at how much debt Genpact has. Genpact's Debt Based on Genpact's financial statement as of November 9, 2020, long-term debt is at $1.32 billion and current debt is at $278.53 million, amounting to $1.59 billion in total debt. Adjusted for $803.40 million in cash-equivalents, the company's net debt is at $790.61 million. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Genpact's $4.80 billion in total assets, the debt-ratio is at 0.33. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 25% might be higher for one industry and average for another. Why Investors Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaPrice Over Earnings Overview: Royal Bank of CanadaPenske Automotive Group's Debt Overview© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced it has received one of the 2021 World's Most Ethical Companies awards, presented by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.