Palco Metals (BOM:539121) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Palco Metals Debt-to-Equity?

Palco Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Palco Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Palco Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Palco Metals's Debt-to-Equity or its related term are showing as below:

BOM:539121' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.39 Max: 2.32
Current: 2.32

During the past 9 years, the highest Debt-to-Equity Ratio of Palco Metals was 2.32. The lowest was 0.76. And the median was 1.39.

BOM:539121's Debt-to-Equity is ranked worse than
96.31% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:539121: 2.32

Palco Metals Debt-to-Equity Historical Data

The historical data trend for Palco Metals'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.

Palco Metals Debt-to-Equity Chart

Palco Metals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.76

0.76

1.39

1.24

1.65

Palco Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.65	N/A	2.32	N/A

Competitive Comparison of Palco Metals's Debt-to-Equity

For the Aluminum subindustry, Palco Metals'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.

Palco Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Palco Metals's Debt-to-Equity distribution charts can be found below:

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

Palco Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Palco Metals'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
	=	(224.29	+	32.321)	/	155.78
	=	1.65

Palco Metals's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Palco Metals (BOM:539121) 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.

Palco Metals Debt-to-Equity Related Terms

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

Palco Metals (BOM:539121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palco Metals Ltd (BOM:539121) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

CTM- Ramol Road, Block No. 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, Ramol, Ahmedabad, GJ, IND, 382449

Website

http://www.palcometals.com

Palco Metals Ltd is an India-based company. The company is engaged in manufacturing wire rods of various grades, conductors, and cables. Its product includes Aluminum Ingot; Aluminum Notch Bar; Aluminum Cubes; Aluminum Shots; Aluminum Powder; Aluminum Alloys; EC Grade Wire Rod; Alloy Grade for Conductors; Commercial Alloys Grade Wire Rod for Steel Plants; All Aluminum Conductor (AAC); Aluminum Conductor Steel Reinforced (ACSR) Conductor; All Aluminum Alloy Conductor (AAAC); PALCO PVC Cables; Industrial Power Cables; House Wiring Cables; Industrial Control Cables; FRLS (flame retardant low smoke cables) Cables; Flexible Cables; Flat Cables and XLPE Cables.

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