Rajasthan Tube Manufacturing Co (BOM:530253) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Rajasthan Tube Manufacturing Co Debt-to-Equity?

Rajasthan Tube Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Rajasthan Tube Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Rajasthan Tube Manufacturing Co'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 Rajasthan Tube Manufacturing Co's Debt-to-Equity or its related term are showing as below:

BOM:530253' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.55 Med: 2.1 Max: 2.8
Current: 1.58

During the past 13 years, the highest Debt-to-Equity Ratio of Rajasthan Tube Manufacturing Co was 2.80. The lowest was 1.55. And the median was 2.10.

BOM:530253's Debt-to-Equity is ranked worse than
88.67% of 556 companies
in the Steel industry
Industry Median: 0.415 vs BOM:530253: 1.58

Rajasthan Tube Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Rajasthan Tube Manufacturing Co'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.

Rajasthan Tube Manufacturing Co Debt-to-Equity Chart

Rajasthan Tube Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.37

2.52

1.69

2.08

2.07

Rajasthan Tube Manufacturing Co 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	2.07	N/A	1.58	N/A

Competitive Comparison of Rajasthan Tube Manufacturing Co's Debt-to-Equity

For the Steel subindustry, Rajasthan Tube Manufacturing Co'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.

Rajasthan Tube Manufacturing Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rajasthan Tube Manufacturing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rajasthan Tube Manufacturing Co's Debt-to-Equity falls into.

Rajasthan Tube Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rajasthan Tube Manufacturing Co'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
	=	(140.491	+	15.327)	/	75.466
	=	2.06

Rajasthan Tube Manufacturing Co'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

Rajasthan Tube Manufacturing Co (BOM:530253) 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.

Rajasthan Tube Manufacturing Co Debt-to-Equity Related Terms

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Rajasthan Tube Manufacturing Co (BOM:530253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rajasthan Tube Manufacturing Co Ltd (BOM:530253) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maharkala Road, Jatawali Mod, 28-37, Banke Bihari Industrial Area, Village Dehra, Teh. Chomu, Jaipur, RJ, IND, 303806

Website

https://www.rajtube.com

Rajasthan Tube Manufacturing Co Ltd manufactures and trades in steel tubes, pipes, and sheets in India. It offers Electric Resistance Welding (ERW) steel black pipes, ERW steel galvanized pipes, and hot rolled steel sheets. Its steel black and galvanized steel pipes/tubes are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, crude oil piping, and cross-country pipelines. Its hot rolled steel sheets are used in making tubular products, including hot rolled coils, pipes, LPG cylinders, shuttering plates, and off late in the construction sector; as a component in the making of pressure vessels, in buildings, and hull and steel structures, as well as in boiler usage; and making critical safety parts and automobile suspension.

Rajasthan Tube Manufacturing Co (BOM:530253) Headlines

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