Waa Solar (BOM:541445) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Waa Solar Debt-to-Equity?

Waa Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹38.9 Mil. Waa Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹469.2 Mil. Waa Solar's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,821.6 Mil. Waa Solar's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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 Waa Solar's Debt-to-Equity or its related term are showing as below:

BOM:541445' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 1.22 Max: 4.04
Current: 0.28

During the past 12 years, the highest Debt-to-Equity Ratio of Waa Solar was 4.04. The lowest was 0.28. And the median was 1.22.

BOM:541445's Debt-to-Equity is ranked better than
78.01% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs BOM:541445: 0.28

Waa Solar Debt-to-Equity Historical Data

The historical data trend for Waa Solar'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.

Waa Solar Debt-to-Equity Chart

Waa Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.92

0.82

0.67

0.52

0.28

Waa Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.67	0.60	0.52	0.47	0.28

Competitive Comparison of Waa Solar's Debt-to-Equity

For the Utilities - Renewable subindustry, Waa Solar'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.

Waa Solar's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's Debt-to-Equity distribution charts can be found below:

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

Waa Solar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Waa Solar'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
	=	(38.915	+	469.225)	/	1821.584
	=	0.28

Waa Solar'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
	=	(38.915	+	469.225)	/	1821.584
	=	0.28

Waa Solar (BOM:541445) 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.

Waa Solar Debt-to-Equity Related Terms

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Waa Solar (BOM:541445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waa Solar Ltd (BOM:541445) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Madhav House, Near Panchratna Building, Subhanpura, Vadodara, GJ, IND, 390023

Website

http://www.waasolar.org

Waa Solar Ltd is an Indian firm engaged in electric power generation, transmission, and distribution. The company is focused on the development of renewable energy in terms of Solar Power Generation through Ground Mounted Projects and also by undertaking Solar Rooftop Projects. Some of the projects of the company are the 10.25 MW Solar PV Power Project, 100 KW Solar PV Power Project, 10.42 MW Solar PV Power Project, and many more. It generates substantial revenue from the sale of solar power products.

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