Gujarat Natural Resources (BOM:513536) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Gujarat Natural Resources Debt-to-Equity?

Gujarat Natural Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹237.5 Mil. Gujarat Natural Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹169.9 Mil. Gujarat Natural Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,091.0 Mil. Gujarat Natural Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Gujarat Natural Resources's Debt-to-Equity or its related term are showing as below:

BOM:513536' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 0.51
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Gujarat Natural Resources was 0.51. The lowest was 0.09. And the median was 0.23.

BOM:513536's Debt-to-Equity is ranked better than
56.66% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:513536: 0.36

Gujarat Natural Resources Debt-to-Equity Historical Data

The historical data trend for Gujarat Natural Resources'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.

Gujarat Natural Resources Debt-to-Equity Chart

Gujarat Natural Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.18

0.23

0.17

0.32

0.37

Gujarat Natural Resources 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															0.32	N/A	0.36	N/A	0.37

Competitive Comparison of Gujarat Natural Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Gujarat Natural Resources'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.

Gujarat Natural Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gujarat Natural Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gujarat Natural Resources's Debt-to-Equity falls into.

Gujarat Natural Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gujarat Natural Resources'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
	=	(237.495	+	169.892)	/	1090.967
	=	0.37

Gujarat Natural Resources'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
	=	(237.495	+	169.892)	/	1090.967
	=	0.37

Gujarat Natural Resources (BOM:513536) 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.

Gujarat Natural Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gujarat Natural Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gujarat Natural Resources (BOM:513536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gujarat Natural Resources Ltd (BOM:513536) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Near Nehru Nagar, Satellite Road, 3rd Floor, A Wing, Gopal Palace, Opposite Ocean Park, Ahmedabad, GJ, IND, 380015

Website

https://www.gnrl.in

Gujarat Natural Resources Ltd is an Indian company engaged in the business of oil and gas exploration and trading of goods and others. Ongoing projects of the company are Kanawara Field, Allora Field, Dholasan Field, North Kathana Field, Unawa Field, and North Balol. The Company earns key revenue from the sale of oil and natural gas exploration.

Gujarat Natural Resources (BOM:513536) Headlines

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