Garg Furnace (BOM:530615) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Garg Furnace Debt-to-Equity?

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

BOM:530615' s Debt-to-Equity Range Over the Past 10 Years
Min: -40.41 Med: 0.98 Max: 59.36
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Garg Furnace was 59.36. The lowest was -40.41. And the median was 0.98.

BOM:530615's Debt-to-Equity is ranked better than
68.54% of 553 companies
in the Steel industry
Industry Median: 0.4 vs BOM:530615: 0.22

Garg Furnace Debt-to-Equity Historical Data

The historical data trend for Garg Furnace'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.

Garg Furnace Debt-to-Equity Chart

Garg Furnace Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

4.14

0.70

0.92

0.70

0.23

Garg Furnace 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															0.51	0.23	N/A	0.22	N/A

Competitive Comparison of Garg Furnace's Debt-to-Equity

For the Steel subindustry, Garg Furnace'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.

Garg Furnace's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Garg Furnace's Debt-to-Equity distribution charts can be found below:

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

Garg Furnace Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garg Furnace'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
	=	(6.265	+	41.324)	/	206.978
	=	0.23

Garg Furnace'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

Garg Furnace (BOM:530615) 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.

Garg Furnace Debt-to-Equity Related Terms

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Garg Furnace (BOM:530615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Garg Furnace Ltd (BOM:530615) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120

Website

https://www.gargfurnacelimited.com

Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.

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