Somany Ceramics (BOM:531548) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Somany Ceramics Debt-to-Equity?

Somany Ceramics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,577 Mil. Somany Ceramics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,198 Mil. Somany Ceramics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹7,201 Mil. Somany Ceramics's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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 Somany Ceramics's Debt-to-Equity or its related term are showing as below:

BOM:531548' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.8 Max: 1
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Somany Ceramics was 1.00. The lowest was 0.52. And the median was 0.80.

BOM:531548's Debt-to-Equity is ranked worse than
54.64% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs BOM:531548: 0.52

Somany Ceramics Debt-to-Equity Historical Data

The historical data trend for Somany Ceramics'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.

Somany Ceramics Debt-to-Equity Chart

Somany Ceramics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.87

0.72

0.71

0.68

0.52

Somany Ceramics 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															0.68	N/A	0.45	N/A	0.52

Competitive Comparison of Somany Ceramics's Debt-to-Equity

For the Building Products & Equipment subindustry, Somany Ceramics'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.

Somany Ceramics's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Somany Ceramics's Debt-to-Equity distribution charts can be found below:

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

Somany Ceramics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Somany Ceramics'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
	=	(1577.2	+	2198)	/	7201.4
	=	0.52

Somany Ceramics'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
	=	(1577.2	+	2198)	/	7201.4
	=	0.52

Somany Ceramics (BOM:531548) 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.

Somany Ceramics Debt-to-Equity Related Terms

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Somany Ceramics (BOM:531548) Business Description

Industry

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SOMANYCERA:India

Address

F-36, Sector-6, Noida, UP, IND, 201301

Website

https://www.somanyceramics.com

Somany Ceramics Ltd is an India based manufacturer and marketer of tiles, sanitary ware, and bath fittings products. It offers products such as Floor tiles, Wall tiles and claddings, Tile laying solutions, and Sanitary ware products, such as toilets, basins, urinals, sinks, cabinet basins, cisterns, and seat covers. It also provides CP fittings, such as Faucets, Showers, accessories, and allied products. The business activity of the company falls within the primary segment of Ceramic tiles and Allied products. It derives key revenue from the sale of Tiles.

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