Laxmipati Engineering Works (BOM:537669) Debt-to-Equity : 26.53 (As of Sep. 2023)

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What is Laxmipati Engineering Works Debt-to-Equity?

Laxmipati Engineering Works's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹46.4 Mil. Laxmipati Engineering Works's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹330.1 Mil. Laxmipati Engineering Works's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹14.2 Mil. Laxmipati Engineering Works's debt to equity for the quarter that ended in Sep. 2023 was 26.53.

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 Laxmipati Engineering Works's Debt-to-Equity or its related term are showing as below:

BOM:537669' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.92 Max: 29.03
Current: 26.53

During the past 10 years, the highest Debt-to-Equity Ratio of Laxmipati Engineering Works was 29.03. The lowest was 0.31. And the median was 0.92.

BOM:537669's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.415 vs BOM:537669: 26.53

Laxmipati Engineering Works Debt-to-Equity Historical Data

The historical data trend for Laxmipati Engineering Works'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.

Laxmipati Engineering Works Debt-to-Equity Chart

Laxmipati Engineering Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.09

1.01

4.23

5.10

29.03

Laxmipati Engineering Works Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															7.03	5.10	12.67	29.03	26.53

Competitive Comparison of Laxmipati Engineering Works's Debt-to-Equity

For the Aerospace & Defense subindustry, Laxmipati Engineering Works'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.

Laxmipati Engineering Works's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Laxmipati Engineering Works's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Laxmipati Engineering Works's Debt-to-Equity falls into.

Laxmipati Engineering Works Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Laxmipati Engineering Works'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
	=	(47.154	+	329.701)	/	12.98
	=	29.03

Laxmipati Engineering Works's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(46.442	+	330.064)	/	14.19
	=	26.53

Laxmipati Engineering Works (BOM:537669) 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.

Laxmipati Engineering Works Debt-to-Equity Related Terms

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Laxmipati Engineering Works (BOM:537669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Laxmipati Engineering Works Ltd (BOM:537669) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Park Society, Office Block 1st Floor, Plot No. 237/2 and 3, Sub Plot No. A/25, GIDC, Pandesara, Surat, GJ, IND, 394221

Website

http://www.laxmipatiengineering.com

Laxmipati Engineering Works Ltd is engaged in the Business of Ship Building, Ship Repair, Fabrication, Heavy Engineering, Engineering Infrastructure and services and Precision Machining.

Laxmipati Engineering Works (BOM:537669) Headlines

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