NMDC Steel (BOM:543768) Debt-to-Equity : 0.31 (As of Sep. 2023)

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What is NMDC Steel Debt-to-Equity?

NMDC Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹8,047 Mil. NMDC Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹43,751 Mil. NMDC Steel's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹169,175 Mil. NMDC Steel's debt to equity for the quarter that ended in Sep. 2023 was 0.31.

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 NMDC Steel's Debt-to-Equity or its related term are showing as below:

BOM:543768' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.23 Max: 0.31
Current: 0.31

During the past 6 years, the highest Debt-to-Equity Ratio of NMDC Steel was 0.31. The lowest was 0.10. And the median was 0.23.

BOM:543768's Debt-to-Equity is ranked better than
60.93% of 558 companies
in the Steel industry
Industry Median: 0.415 vs BOM:543768: 0.31

NMDC Steel Debt-to-Equity Historical Data

The historical data trend for NMDC Steel'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.

NMDC Steel Debt-to-Equity Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.23

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	0.10	N/A	0.23	0.31

Competitive Comparison of NMDC Steel's Debt-to-Equity

For the Steel subindustry, NMDC Steel'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.

NMDC Steel's Debt-to-Equity Distribution in the Steel Industry

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

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

NMDC Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NMDC Steel'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
	=	(235.8	+	38183)	/	170485.8
	=	0.23

NMDC Steel'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
	=	(8047.4	+	43750.7)	/	169174.8
	=	0.31

NMDC Steel (BOM:543768) 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.

NMDC Steel Debt-to-Equity Related Terms

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

NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Debt-to-Equity

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NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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