Cholamandalam Financial Holdings (BOM:504973) Debt-to-Equity : 13.09 (As of Mar. 2024)

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What is Cholamandalam Financial Holdings Debt-to-Equity?

Cholamandalam Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Cholamandalam Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,340,140 Mil. Cholamandalam Financial Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹102,417 Mil. Cholamandalam Financial Holdings's debt to equity for the quarter that ended in Mar. 2024 was 13.09.

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 Cholamandalam Financial Holdings's Debt-to-Equity or its related term are showing as below:

BOM:504973' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 11.69 Max: 13.09
Current: 13.09

During the past 13 years, the highest Debt-to-Equity Ratio of Cholamandalam Financial Holdings was 13.09. The lowest was 0.43. And the median was 11.69.

BOM:504973's Debt-to-Equity is ranked worse than
97.21% of 430 companies
in the Credit Services industry
Industry Median: 1.15 vs BOM:504973: 13.09

Cholamandalam Financial Holdings Debt-to-Equity Historical Data

The historical data trend for Cholamandalam Financial Holdings'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.

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Cholamandalam Financial Holdings Debt-to-Equity Chart

Cholamandalam Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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12.02

11.85

10.74

12.69

13.09

Cholamandalam Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															12.69	N/A	14.07	N/A	13.09

Competitive Comparison of Cholamandalam Financial Holdings's Debt-to-Equity

For the Credit Services subindustry, Cholamandalam Financial Holdings'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.

Cholamandalam Financial Holdings's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Cholamandalam Financial Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cholamandalam Financial Holdings's Debt-to-Equity falls into.

Cholamandalam Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cholamandalam Financial Holdings'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	+	1340140)	/	102417.3
	=	13.09

Cholamandalam Financial Holdings'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	+	1340140)	/	102417.3
	=	13.09

Cholamandalam Financial Holdings (BOM:504973) 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.

Cholamandalam Financial Holdings Debt-to-Equity Related Terms

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Cholamandalam Financial Holdings (BOM:504973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Cholamandalam Financial Holdings Ltd (BOM:504973) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CHOLAHLDNG:India

Address

No. 234, NSC Bose Road, Dare House, Chennai, TN, IND, 600 001

Website

https://www.cholafhl.com

Cholamandalam Financial Holdings Ltd along with its subsidiaries is a diversified investment company under the Murugappa Group. It offers financial services that include general insurance, residential mortgages, auto loans, risk services, and non-banking financial services. The company's activities are located exclusively in India. It has two primary products/service segments which are Financial Services and Insurance and allied services.

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