Paramount Communications (BOM:530555) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Paramount Communications Debt-to-Equity?

Paramount Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹875 Mil. Paramount Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹156 Mil. Paramount Communications's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹6,262 Mil. Paramount Communications's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Paramount Communications's Debt-to-Equity or its related term are showing as below:

BOM:530555' s Debt-to-Equity Range Over the Past 10 Years
Min: -19.11 Med: 0.73 Max: 2.35
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Paramount Communications was 2.35. The lowest was -19.11. And the median was 0.73.

BOM:530555's Debt-to-Equity is ranked better than
63.59% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:530555: 0.17

Paramount Communications Debt-to-Equity Historical Data

The historical data trend for Paramount Communications'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.

Paramount Communications Debt-to-Equity Chart

Paramount Communications Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.16

1.05

0.93

0.54

0.17

Paramount Communications 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															0.54	N/A	0.38	N/A	0.17

Competitive Comparison of Paramount Communications's Debt-to-Equity

For the Communication Equipment subindustry, Paramount Communications'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.

Paramount Communications's Debt-to-Equity Distribution in the Hardware Industry

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

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

Paramount Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paramount Communications'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
	=	(874.594	+	155.809)	/	6261.559
	=	0.16

Paramount Communications'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
	=	(874.594	+	155.809)	/	6261.559
	=	0.16

Paramount Communications (BOM:530555) 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.

Paramount Communications Debt-to-Equity Related Terms

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Paramount Communications (BOM:530555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Paramount Communications Ltd (BOM:530555) » Definitions » Debt-to-Equity

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PARACABLES:India

Address

KH-433, Maulsari Avenue, Westend Greens, New Delhi, IND, 110037

Website

https://www.paramountcables.com

Paramount Communications Ltd is a wire and cable manufacturing company. Its product portfolio consists of low-voltage and high-voltage power cables, aerial bunch cables (ABC), control and instrumentation cables, thermocouple extension and compensating cables, fire performance cables, and others. Its products are used in the power, railways, telecom and information technology (IT), petrochemicals, construction, and defense industries. The sale of power cables generates maximum revenue for the company.

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