Grindwell Norton (BOM:506076) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Grindwell Norton Debt-to-Equity?

Grindwell Norton's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Grindwell Norton's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Grindwell Norton's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Grindwell Norton's Debt-to-Equity or its related term are showing as below:

BOM:506076' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Grindwell Norton was 0.04. The lowest was 0.01. And the median was 0.02.

BOM:506076's Debt-to-Equity is ranked better than
90.52% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs BOM:506076: 0.04

Grindwell Norton Debt-to-Equity Historical Data

The historical data trend for Grindwell Norton'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.

* Premium members only.

Grindwell Norton Debt-to-Equity Chart

Grindwell Norton Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.01

0.03

Grindwell Norton Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.03	N/A	0.04	N/A

Competitive Comparison of Grindwell Norton's Debt-to-Equity

For the Building Products & Equipment subindustry, Grindwell Norton'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.

Grindwell Norton's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grindwell Norton's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grindwell Norton's Debt-to-Equity falls into.

Grindwell Norton Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grindwell Norton's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(219.11	+	294.535)	/	18058.088
	=	0.03

Grindwell Norton's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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	+	0)	/	0
	=	N/A

Grindwell Norton (BOM:506076) 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.

Grindwell Norton Debt-to-Equity Related Terms

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Grindwell Norton (BOM:506076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grindwell Norton Ltd (BOM:506076) » Definitions » Debt-to-Equity

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GRINDWELL:India

Address

Andheri-Kurla Road, Leela Business Park, 5th Level, Marol, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.grindwellnorton.co.in

Grindwell Norton Ltd is a company that produces abrasives and ceramics products. The company's businesses are divided into major segments: Abrasives, Ceramics and Plastics, Digital Services and Others. The company manufactures various types of abrasives, which include bonded, coated, non-woven, construction, thin wheels, and super abrasives. Grindwell's Ceramics and Plastics division produces silicon carbide, high-temperature refractories, and fused cast ceramics. The silicon carbide products serve as raw materials that are used to create abrasives, and the company's refractories are structures used for processing both ferrous and non-ferrous metals. The company generates the vast majority of its revenue in India..

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