Rhetan TMT (BOM:543590) Debt-to-Equity : 0.18 (As of Sep. 2023)

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What is Rhetan TMT Debt-to-Equity?

Rhetan TMT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹115.5 Mil. Rhetan TMT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹36.2 Mil. Rhetan TMT's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹866.1 Mil. Rhetan TMT's debt to equity for the quarter that ended in Sep. 2023 was 0.18.

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 Rhetan TMT's Debt-to-Equity or its related term are showing as below:

BOM:543590' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.72 Max: 79.22
Current: 0.18

During the past 4 years, the highest Debt-to-Equity Ratio of Rhetan TMT was 79.22. The lowest was 0.18. And the median was 0.72.

BOM:543590's Debt-to-Equity is ranked better than
74.15% of 557 companies
in the Steel industry
Industry Median: 0.42 vs BOM:543590: 0.18

Rhetan TMT Debt-to-Equity Historical Data

The historical data trend for Rhetan TMT'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.

Rhetan TMT Debt-to-Equity Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

79.22

3.24

1.12

0.21

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	1.12	0.32	0.21	0.18

Competitive Comparison of Rhetan TMT's Debt-to-Equity

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Debt-to-Equity Distribution in the Steel Industry

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

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

Rhetan TMT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rhetan TMT'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
	=	(124.899	+	53.537)	/	851.647
	=	0.21

Rhetan TMT'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
	=	(115.462	+	36.151)	/	866.14
	=	0.18

Rhetan TMT (BOM:543590) 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.

Rhetan TMT Debt-to-Equity Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

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