Incredible Industries (BOM:538365) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Incredible Industries Debt-to-Equity?

Incredible Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹373 Mil. Incredible Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹59 Mil. Incredible Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,326 Mil. Incredible Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Incredible Industries's Debt-to-Equity or its related term are showing as below:

BOM:538365' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.39 Max: 0.98
Current: 0.33

During the past 11 years, the highest Debt-to-Equity Ratio of Incredible Industries was 0.98. The lowest was 0.20. And the median was 0.39.

BOM:538365's Debt-to-Equity is ranked better than
58.44% of 551 companies
in the Steel industry
Industry Median: 0.42 vs BOM:538365: 0.33

Incredible Industries Debt-to-Equity Historical Data

The historical data trend for Incredible Industries'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.

Incredible Industries Debt-to-Equity Chart

Incredible Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.20

0.35

0.39

0.33

Incredible Industries 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															0.39	N/A	0.39	N/A	0.33

Competitive Comparison of Incredible Industries's Debt-to-Equity

For the Steel subindustry, Incredible Industries'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.

Incredible Industries's Debt-to-Equity Distribution in the Steel Industry

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

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

Incredible Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Incredible Industries'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
	=	(373.377	+	58.71)	/	1326.063
	=	0.33

Incredible Industries'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
	=	(373.377	+	58.71)	/	1326.063
	=	0.33

Incredible Industries (BOM:538365) 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.

Incredible Industries Debt-to-Equity Related Terms

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

Incredible Industries (BOM:538365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Incredible Industries Ltd (BOM:538365) » Definitions » Debt-to-Equity

Comparable Companies

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INCREDIBLE:India

Address

2/1A, Sarat Bose Road, Lansdowne Towers, Kolkata, WB, IND, 700020

Website

https://www.incredibleindustries.co.in

Incredible Industries Ltd is engaged in the manufacturing and sale of iron and steel-related rolled products. It is engaged in the production of wire rods, H.B wire rods, and thermomechanically treated(TMT) bars which are mainly used in the construction and infrastructure as well as in the manufacturing units. The firm operates through the iron and steel products segment.

Incredible Industries (BOM:538365) Headlines

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