INOX Green Energy Services (BOM:543667) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is INOX Green Energy Services Debt-to-Equity?

INOX Green Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹942 Mil. INOX Green Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹796 Mil. INOX Green Energy Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹13,450 Mil. INOX Green Energy Services's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 INOX Green Energy Services's Debt-to-Equity or its related term are showing as below:

BOM:543667' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.74 Max: 1.12
Current: 0.13

During the past 5 years, the highest Debt-to-Equity Ratio of INOX Green Energy Services was 1.12. The lowest was 0.13. And the median was 0.74.

BOM:543667's Debt-to-Equity is ranked better than
87.21% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs BOM:543667: 0.13

INOX Green Energy Services Debt-to-Equity Historical Data

The historical data trend for INOX Green Energy Services'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.

INOX Green Energy Services Debt-to-Equity Chart

INOX Green Energy Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.74

0.83

1.12

0.53

0.13

INOX Green Energy Services Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						N/A	0.53	0.16	N/A	0.13

Competitive Comparison of INOX Green Energy Services's Debt-to-Equity

For the Utilities - Renewable subindustry, INOX Green Energy Services'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.

INOX Green Energy Services's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, INOX Green Energy Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where INOX Green Energy Services's Debt-to-Equity falls into.

INOX Green Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

INOX Green Energy Services'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
	=	(941.9	+	796.1)	/	13450.3
	=	0.13

INOX Green Energy Services'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
	=	(941.9	+	796.1)	/	13450.3
	=	0.13

INOX Green Energy Services (BOM:543667) 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.

INOX Green Energy Services Debt-to-Equity Related Terms

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INOX Green Energy Services (BOM:543667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » INOX Green Energy Services Ltd (BOM:543667) » Definitions » Debt-to-Equity

Traded in Other Exchanges

INOXGREEN:India

Address

Inox Towers, Plot No. 17, Sector-16A, Noida, UP, IND, 201 301

Website

https://www.inoxgreen.com

INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service providers within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities.

INOX Green Energy Services (BOM:543667) Headlines

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