Hemang Resources (BOM:531178) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Hemang Resources Debt-to-Equity?

Hemang Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹10.1 Mil. Hemang Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹23.9 Mil. Hemang Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹130.7 Mil. Hemang Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

BOM:531178' s Debt-to-Equity Range Over the Past 10 Years
Min: -54.66 Med: 0.43 Max: 10.51
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Hemang Resources was 10.51. The lowest was -54.66. And the median was 0.43.

BOM:531178's Debt-to-Equity is ranked worse than
58.27% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.21 vs BOM:531178: 0.26

Hemang Resources Debt-to-Equity Historical Data

The historical data trend for Hemang 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.

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Hemang Resources Debt-to-Equity Chart

Hemang Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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4.34

7.02

-54.66

0.18

0.13

Hemang Resources 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															0.12	0.13	0.23	0.24	0.26

Competitive Comparison of Hemang Resources's Debt-to-Equity

For the Thermal Coal subindustry, Hemang 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.

Hemang Resources's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Hemang Resources's Debt-to-Equity distribution charts can be found below:

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

Hemang Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hemang Resources'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
	=	(10.05	+	23.884)	/	265.105
	=	0.13

Hemang Resources'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
	=	(10.05	+	23.884)	/	130.7
	=	0.26

Hemang Resources (BOM:531178) 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.

Hemang Resources Debt-to-Equity Related Terms

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

Hemang Resources (BOM:531178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Hemang Resources Ltd (BOM:531178) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Navratan Bagh, Main Road, BCC House, 8/5, Manorama Ganj, Indore, MP, IND, 452 001

Website

https://www.bhatiacoalindia.com

Hemang Resources Ltd is a company which is mainly engaged in trading coal, stevedoring, logistic services and trading in the land. The company's operating segments are Coal trading division and Infrastructure division. Its Coal trading division includes trading of imported and indigenous coal and selling to various industries in India. The Infrastructure division deals in the real estate sector. It generates maximum revenue from the Coal trading division segment.

Hemang Resources (BOM:531178) Headlines

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