Gravita India (BOM:533282) Debt-to-Equity : 0.65 (As of Mar. 2024)

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What is Gravita India Debt-to-Equity?

Gravita India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,966 Mil. Gravita India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,510 Mil. Gravita India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8,374 Mil. Gravita India's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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 Gravita India's Debt-to-Equity or its related term are showing as below:

BOM:533282' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.99 Max: 1.26
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Gravita India was 1.26. The lowest was 0.59. And the median was 0.99.

BOM:533282's Debt-to-Equity is ranked worse than
74.57% of 2627 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:533282: 0.65

Gravita India Debt-to-Equity Historical Data

The historical data trend for Gravita India'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.

Gravita India Debt-to-Equity Chart

Gravita India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.24

0.97

1.01

0.59

0.65

Gravita India 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															0.59	N/A	0.78	N/A	0.65

Competitive Comparison of Gravita India's Debt-to-Equity

For the Metal Fabrication subindustry, Gravita India'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.

Gravita India's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gravita India's Debt-to-Equity distribution charts can be found below:

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

Gravita India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gravita India'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
	=	(2966	+	2509.7)	/	8374
	=	0.65

Gravita India'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
	=	(2966	+	2509.7)	/	8374
	=	0.65

Gravita India (BOM:533282) 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.

Gravita India Debt-to-Equity Related Terms

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

Gravita India (BOM:533282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gravita India Ltd (BOM:533282) » Definitions » Debt-to-Equity

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GRAVITA:India

Address

A-27 B, Shanti Path, 402, Gravita Tower, Tilak Nagar, Jaipur, RJ, IND, 302 004

Website

https://www.gravitaindia.com

Gravita India Ltd is involved in the metal fabrication business. It has business segments are Lead processing, Aluminium processing, Turn-key solutions, and Plastic manufacturing. It produces products like Lead, Aluminium, and Plastics. The organization sells its products in India and also exports them to other countries. The majority of the firm's revenue is derived from the Lead processing segment.

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