Dynamic Cables (BOM:540795) Debt-to-Equity : 0.56 (As of Mar. 2024)

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What is Dynamic Cables Debt-to-Equity?

Dynamic Cables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,136 Mil. Dynamic Cables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹57 Mil. Dynamic Cables's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,140 Mil. Dynamic Cables's debt to equity for the quarter that ended in Mar. 2024 was 0.56.

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 Dynamic Cables's Debt-to-Equity or its related term are showing as below:

BOM:540795' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 1.3 Max: 3.42
Current: 0.56

During the past 12 years, the highest Debt-to-Equity Ratio of Dynamic Cables was 3.42. The lowest was 0.46. And the median was 1.30.

BOM:540795's Debt-to-Equity is ranked worse than
70.11% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:540795: 0.56

Dynamic Cables Debt-to-Equity Historical Data

The historical data trend for Dynamic Cables'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.

Dynamic Cables Debt-to-Equity Chart

Dynamic Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.14

1.01

0.52

0.46

0.56

Dynamic Cables Quarterly Data
	Sep18	Mar19	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	0.46	0.59	N/A	0.56

Competitive Comparison of Dynamic Cables's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Dynamic Cables'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.

Dynamic Cables's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Dynamic Cables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dynamic Cables'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
	=	(1135.961	+	56.644)	/	2139.518
	=	0.56

Dynamic Cables'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
	=	(1135.961	+	56.644)	/	2139.518
	=	0.56

Dynamic Cables (BOM:540795) 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.

Dynamic Cables Debt-to-Equity Related Terms

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

Dynamic Cables (BOM:540795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dynamic Cables Ltd (BOM:540795) » Definitions » Debt-to-Equity

Traded in Other Exchanges

DYCL:India

Address

Road Number 13, Unit - 1, F-260, V.K.I Area, Jaipur, RJ, IND, 302013

Website

https://www.dynamiccables.co.in

Dynamic Cables Ltd is engaged in manufacturing of Cables and Conductors which include manufacturing of Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductor All Aluminium Alloy Conductor, Aluminium conductor steel reinforced, Conductors and Service Drop Cables used for transmission and distribution of Electricity. It generates its revenue from manufacturing and sale of cables and conductors.

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