JBM Auto (BOM:532605) Debt-to-Equity : 1.82 (As of Mar. 2024)

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What is JBM Auto Debt-to-Equity?

JBM Auto's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹14,320 Mil. JBM Auto's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,949 Mil. JBM Auto's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹11,677 Mil. JBM Auto's debt to equity for the quarter that ended in Mar. 2024 was 1.82.

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 JBM Auto's Debt-to-Equity or its related term are showing as below:

BOM:532605' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.51 Max: 1.82
Current: 1.82

During the past 13 years, the highest Debt-to-Equity Ratio of JBM Auto was 1.82. The lowest was 0.89. And the median was 1.51.

BOM:532605's Debt-to-Equity is ranked worse than
90.71% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:532605: 1.82

JBM Auto Debt-to-Equity Historical Data

The historical data trend for JBM Auto'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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JBM Auto Debt-to-Equity Chart

JBM Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.89

1.13

1.55

1.65

1.82

JBM Auto Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.65	1.93	N/A	1.82

Competitive Comparison of JBM Auto's Debt-to-Equity

For the Auto Parts subindustry, JBM Auto'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.

JBM Auto's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, JBM Auto's Debt-to-Equity distribution charts can be found below:

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

JBM Auto Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JBM Auto'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
	=	(14319.5	+	6948.9)	/	11676.7
	=	1.82

JBM Auto'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
	=	(14319.5	+	6948.9)	/	11676.7
	=	1.82

JBM Auto (BOM:532605) 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.

JBM Auto Debt-to-Equity Related Terms

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JBM Auto (BOM:532605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JBM Auto Ltd (BOM:532605) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JBMA:India

Address

Plot No. 9, Institutional Area, Sector 44, Gurgaon, HR, IND, 122003

Website

http://www.jbm-group.com

JBM Auto Ltd is an auto parts manufacturing company. It manufactures auto components, toolings, and buses in the country. The group's products include Air tank BIW parts and assemblies, Chassis and suspension parts, Cross-car beam, Cross truck beam, Cross members, Fabrications, Shields, Blanks, Tools, Jigs, Fixtures, and others. The business segments of the company are Component division; Tool Room Division; OEM Division and others. It generates maximum revenue from the Component Division segment which is engaged in the business of manufacturing automobile parts for commercial and passenger vehicles.

JBM Auto (BOM:532605) Headlines

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