{"id":8601,"date":"2024-12-08T15:07:29","date_gmt":"2024-12-08T09:37:29","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=8601"},"modified":"2024-12-09T17:09:39","modified_gmt":"2024-12-09T11:39:39","slug":"debt-to-equity-ratio-explained","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/","title":{"rendered":"All About the Debt to Equity Ratio"},"content":{"rendered":"<p>Reviewed by CA Sugandha Bhatia<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d47b7bb21ec\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d47b7bb21ec\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#What-is-Debt-to-Equity-Ratio\" >What is Debt to Equity Ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Debt-to-Equity-Ratio-Formula\" >Debt to Equity Ratio Formula\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#How-to-Calculate-Debt-to-Equity-Ratio\" >How to Calculate Debt to Equity Ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Interpreting-Debt-to-Equity-Ratio\" >Interpreting Debt to Equity Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Importance-of-Debt-to-Equity-Ratio\" >Importance of Debt to Equity Ratio\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Industry-wise-Debt-to-Equity-Ratio\" >Industry-wise Debt to Equity Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Improving-DE-Ratio\" >Improving D\/E Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#Example-of-Debt-to-Equity-Ratio-Adani-Enterprises\" >Example of Debt to Equity Ratio: Adani Enterprises\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/learn\/business-banking\/debt-to-equity-ratio-explained\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-Debt-to-Equity-Ratio\"><\/span><b>What is Debt to Equity Ratio?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Debt to equity ratio is a metric that is used to evaluate a company&#8217;s financial leverage. <\/span><span style=\"font-weight: 400;\">It indicates whether a business is financing operations with debt or with its own resources. A debt to equity ratio is a type of gearing ratio\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A higher debt to equity ratio indicates that the business\u2019s operations are mostly financed by debt, which could prove to be risky if not handled well.\u00a0 <\/span><span style=\"font-weight: 400;\">A lower debt to equity ratio indicates that the business\u2019s operations are largely financed by equity and shareholder funding.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This ratio indicates the proportion of debt fund in relation to equity. This ratio is very often used for making capital structure decisions such as issue of shares and\/ or debentures. Lenders are also very keen to know this ratio since it shows relative weights of debt and equity. Debt equity ratio is the indicator of firm&#8217;s financial leverage<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s important to measure and track the D\/E ratio of a business because it helps stakeholders understand whether the business has taken on more debt than it can handle.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Debt-to-Equity-Ratio-Formula\"><\/span><b>Debt to Equity Ratio Formula\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The formula to calculate debt to equity ratio is:<\/span><\/p>\n<p style=\"text-align: center;\"><strong>D\/E ratio = Total outside liabilites \/ Shareholders&#8217; equity<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Debt, or the total liabilities includes both current and non-current liabilities, while equity, or shareholders\u2019 equity includes all the money earned by issuing shares.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-to-Calculate-Debt-to-Equity-Ratio\"><\/span><b>How to Calculate Debt to Equity Ratio?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">All the information needed to calculate this ratio is found on your business\u2019s <\/span><a href=\"https:\/\/razorpay.com\/learn\/business-banking\/balance-sheet\/\"><span style=\"font-weight: 400;\">balance sheet<\/span><\/a><span style=\"font-weight: 400;\">. The total liabilities of the business include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Current liabilities &#8211;<\/strong> Liabilities that will mature within one accounting cycle, like accounts payable and short-term debt<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Non-current liabilities &#8211;<\/strong> Long term liabilities that will take multiple accounting cycles to mature, like long-term debt<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Shareholder\u2019s equity includes all money earned by issuing shares to the shareholders. This includes shares issued like common stock, preferred stock.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to note that retained earnings are included in shareholders\u2019 equity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The values needed to calculate the debt to equity ratio can be derived from the accounting formula as well.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Assets = Liabilities + Shareholder&#8217;s Equity<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Interpreting-Debt-to-Equity-Ratio\"><\/span><b>Interpreting Debt to Equity Ratio<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The D\/E ratio tells us how much debt the business has taken on against its own resources.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if a company has debt to equity ratio of 1.5, it means that it has Rs 1.5 in debt for every Rs 1 of equity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Debt to equity ratio tells us where the business stands in terms of being able to repay this debt and continue operations. If it is very high, the business has high dependence on debt for daily operations \u2013 and may not be able to repay this debt if times get hard.\u00a0<\/span><\/p>\n<p><b>In short, the higher the debt to equity ratio, the riskier the business<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors, banks and other lending institutions look at the debt to equity ratio before deciding to lend or invest in a business. Let\u2019s see how they interpret the debt to equity ratio, and what a good debt to equity ratio looks like.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Importance-of-Debt-to-Equity-Ratio\"><\/span><b>Importance of Debt to Equity Ratio\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Investors, banks and other financial institutions use this ratio (amongst other <\/span><a href=\"https:\/\/razorpay.com\/blog\/business-banking\/accounting-ratios\/\"><span style=\"font-weight: 400;\">ratios<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/razorpay.com\/learn\/business-banking\/financial-ratios\/\"><span style=\"font-weight: 400;\">analysis) <\/span><\/a><span style=\"font-weight: 400;\">to calculate the risk of investing or lending to a business. The ideal debt to equity ratio varies from industry to industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s a table with the industry wise differences in D\/E ratio as interpreted by investors and lenders. <\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Criteria<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High D\/E<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Low D\/E<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cash Flow\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Industries with stable cash flows and low business risk, such as utilities or consumer staples, might tolerate higher debt levels.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Industries with volatile revenues and higher business risk, like technology startups or cyclical manufacturing, may opt for lower debt to mitigate potential financial distress.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Growth opportunities<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Biotechnology firms with promising drug candidates and significant research and development needs may tolerate a higher D\/E ratio.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Mature industries with limited growth prospects and fewer expansion opportunities will have a much lower D\/E ratio.\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Asset Intensity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Industries that require significant capital investment in physical assets (e.g., manufacturing or energy) might use more debt to finance these assets.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Service industries (e.g., consulting or software development) may have lower capital requirements and therefore opt for lower debt levels.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Regulatory restrictions<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Pharma businesses with strong patent protection and stable revenue streams have a higher debt tolerance due to their increased ability to repay debt.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Banks are subject to strict regulatory capital requirements that limit their debt capacity have a much lesser debt tolerance.\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry-wise-Debt-to-Equity-Ratio\"><\/span><b>Industry-wise Debt to Equity Ratio<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As discussed above, the ideal range for debt to equity ratio is highly volatile across industries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A &#8220;good&#8221; debt to equity ratio depends on various factors, including the company&#8217;s risk tolerance, growth plans, and prevailing economic conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A good rule of thumb to follow would be to ensure your debt to equity ratio is below 2 \u2013 anything above 2 is considered very unstable and risky.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Industry<\/b><\/td>\n<td><b>Typical Debt to Equity Ratio Range<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Utilities<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 &#8211; 1.0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Consumer Staples<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 &#8211; 0.7<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Healthcare<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 &#8211; 0.8<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Technology (Software)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 &#8211; 0.6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Financial Services (Banks)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0 &#8211; 8.0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Telecommunications<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.0 &#8211; 2.5<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Industrial Manufacturing<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.4 &#8211; 1.0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Consumer Discretionary (Retail)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 &#8211; 1.5<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Energy (Oil &amp; Gas)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.4 &#8211; 1.5<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Real Estate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.7 &#8211; 1.5<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Transportation (Airlines)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 &#8211; 2.0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Materials (Mining)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.4 &#8211; 1.2<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pharmaceuticals<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 &#8211; 0.7<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Biotechnology<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 &#8211; 0.6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Construction<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 &#8211; 1.5<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Technology (Hardware)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 &#8211; 0.8<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Agriculture<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 &#8211; 0.6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tourism and Hospitality<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 &#8211; 1.2<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Note* The values provided here are approximate and should be used as a general guideline<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Improving-DE-Ratio\"><\/span><b>Improving D\/E Ratio<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">How do you make sure your business\u2019s D\/E ratio is in the ideal range? Here\u2019s a quick checklist for you:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ensure manageable debt levels<\/b><span style=\"font-weight: 400;\">: a business with an annual turnover of Rs 10 crores can afford a loan of Rs Rs 10 lakhs, but for a business with an annual turnover of Rs 1 lakh, the same loan would be extremely difficult to manage. <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pay off loans:<\/b><span style=\"font-weight: 400;\"> the quicker you are able to repay your loans, the better your debt to equity ratio will look. The more debt you hold, the higher the D\/E ratio gets. One good way to do this would be to improve your topline numbers and cut expenses. <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Debt restructuring: <\/b><span style=\"font-weight: 400;\">this is a technique to reduce the interest rates of your existing loans, by either signing a new agreement with your lender agreeing to extending the date or reduce the interest rate. <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Better financial management:<\/b><span style=\"font-weight: 400;\"> automated bookkeeping, tax payments, tech-enabled vendor payments, payroll \u2013 these are a few of the ways businesses today ensure that their money is managed correctly.\u00a0<\/span><\/li>\n<\/ol>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528ff0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_debt_to_equity_ratio&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Learn more<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Example-of-Debt-to-Equity-Ratio-Adani-Enterprises\"><\/span><b>Example of Debt to Equity Ratio: Adani Enterprises\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Let\u2019s understand the debt to equity ratio better using an example: the <a href=\"https:\/\/www.moneycontrol.com\/financials\/adanienterprises\/balance-sheetVI\/AE13\" target=\"_blank\" rel=\"noopener\">B<\/a><a href=\"https:\/\/www.moneycontrol.com\/financials\/adanienterprises\/balance-sheetVI\/AE13\" target=\"_blank\" rel=\"noopener\">alance Sheet of Adani Enterprises<\/a>. Here\u2019s a snapshot of Adani Enterprises\u2019 Balance sheet for the quarter ended March 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total shareholders\u2019 funds as per the balance sheet is Rs 13,933.78 and the total liabilities are Rs 17,085.10.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If we put these values into the formula, we find that the debt to equity ratio is:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">17,085.10 \/ 13,933.78 = 1.22<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the debt to equity ratio for Adani Enterprises for the quarter ended March 2023 is 1.22.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\t<div id=\"rank-math-rich-snippet-wrapper\" class=\"\">\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Reviewed by CA Sugandha Bhatia What is Debt to Equity Ratio? Debt to equity ratio is a metric that is used to evaluate a company&#8217;s financial leverage. It indicates whether a business is financing operations with debt or with its own resources. A debt to equity ratio is a type of gearing ratio\u00a0 A higher<\/p>\n","protected":false},"author":151156542,"featured_media":8604,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3437],"tags":[3703,3702],"class_list":{"0":"post-8601","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"tag-accounting-ratio","9":"tag-debt-to-equity-ratio"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/8601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156542"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=8601"}],"version-history":[{"count":4,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/8601\/revisions"}],"predecessor-version":[{"id":14796,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/8601\/revisions\/14796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/8604"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=8601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=8601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=8601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}