Haha, I don’t know if it’s a typo or intentionally trying to deceive investors by Urban Enviro.
As per the Explanation for the Key Performance Indicators in their prospectus, Debt to equity ratio is calculated by dividing the debt (i.e., borrowings (current and non-current) and current
maturities of long-term-borrowings) by total equity (which includes issued capital and all other equity
reserves)
That should come out as 0.4 in the case of Antony.
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