Cosmo Ferrites (BOM:523100) Debt-to-Equity : 2.25 (As of Mar. 2024)

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What is Cosmo Ferrites Debt-to-Equity?

Cosmo Ferrites's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹483.6 Mil. Cosmo Ferrites's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹198.1 Mil. Cosmo Ferrites's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹302.9 Mil. Cosmo Ferrites's debt to equity for the quarter that ended in Mar. 2024 was 2.25.

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 Cosmo Ferrites's Debt-to-Equity or its related term are showing as below:

BOM:523100' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.55 Max: 2.9
Current: 2.25

During the past 13 years, the highest Debt-to-Equity Ratio of Cosmo Ferrites was 2.90. The lowest was 0.80. And the median was 1.55.

BOM:523100's Debt-to-Equity is ranked worse than
96.85% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:523100: 2.25

Cosmo Ferrites Debt-to-Equity Historical Data

The historical data trend for Cosmo Ferrites'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.

Cosmo Ferrites Debt-to-Equity Chart

Cosmo Ferrites Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.88

2.90

1.53

2.21

2.25

Cosmo Ferrites 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															2.21	N/A	2.19	N/A	2.25

Competitive Comparison of Cosmo Ferrites's Debt-to-Equity

For the Electronic Components subindustry, Cosmo Ferrites'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.

Cosmo Ferrites's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cosmo Ferrites's Debt-to-Equity distribution charts can be found below:

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

Cosmo Ferrites Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cosmo Ferrites'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
	=	(483.6	+	198.1)	/	302.9
	=	2.25

Cosmo Ferrites'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
	=	(483.6	+	198.1)	/	302.9
	=	2.25

Cosmo Ferrites (BOM:523100) 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.

Cosmo Ferrites Debt-to-Equity Related Terms

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Cosmo Ferrites (BOM:523100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cosmo Ferrites Ltd (BOM:523100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jasola New District Centre, 517, 5th Floor, DLF Tower-A, Jasola, New Delhi, IND, 110025

Website

https://www.cosmoferrites.com

Cosmo Ferrites Ltd is an Indian based company operating as a manufacturer and exporter of Soft Ferrites Core. The company provides Ferrite components and Pre-calcined ferrite powder, which are used in various applications such as inverter transformers, energy meters, mobile chargers, transformer manufacturers' current transformers, pulse transformers, line filters, choke, noise suppressors, and others. A majority of revenue is generated from the sales of Soft Ferrites Components.

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