Jindal Steel & Power (BOM:532286) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Jindal Steel & Power Debt-to-Equity?

Jindal Steel & Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹58,521 Mil. Jindal Steel & Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹106,200 Mil. Jindal Steel & Power's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹443,160 Mil. Jindal Steel & Power's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Jindal Steel & Power's Debt-to-Equity or its related term are showing as below:

BOM:532286' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 1.21 Max: 1.53
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Jindal Steel & Power was 1.53. The lowest was 0.34. And the median was 1.21.

BOM:532286's Debt-to-Equity is ranked better than
54.33% of 554 companies
in the Steel industry
Industry Median: 0.405 vs BOM:532286: 0.37

Jindal Steel & Power Debt-to-Equity Historical Data

The historical data trend for Jindal Steel & Power'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.

Jindal Steel & Power Debt-to-Equity Chart

Jindal Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.18

0.94

0.38

0.34

0.37

Jindal Steel & Power 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															0.34	N/A	0.33	N/A	0.37

Competitive Comparison of Jindal Steel & Power's Debt-to-Equity

For the Steel subindustry, Jindal Steel & Power'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.

Jindal Steel & Power's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Jindal Steel & Power's Debt-to-Equity falls into.

Jindal Steel & Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jindal Steel & Power'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
	=	(58521.3	+	106200.1)	/	443160.1
	=	0.37

Jindal Steel & Power'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
	=	(58521.3	+	106200.1)	/	443160.1
	=	0.37

Jindal Steel & Power (BOM:532286) 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.

Jindal Steel & Power Debt-to-Equity Related Terms

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Jindal Steel & Power (BOM:532286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Steel & Power Ltd (BOM:532286) » Definitions » Debt-to-Equity

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JINDALSTEL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110 066

Website

https://www.jindalsteelpower.com

Jindal Steel & Power Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors. The iron and steel segment is the company's largest segment, representing the majority of the company's sales. Jindal Steel and Power's iron and steel segment manufacture a wide range of steel products that find applications in railway, road, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Jindal Steel and Power's power segment operates power plants and transmission lines. The company generates most of its revenue from the Indian domestic market.

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