Ratnaveer Precision Engineering (BOM:543978) Debt-to-Equity : 2.16 (As of Mar. 2023)

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What is Ratnaveer Precision Engineering Debt-to-Equity?

Ratnaveer Precision Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹1,960 Mil. Ratnaveer Precision Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹330 Mil. Ratnaveer Precision Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹1,061 Mil. Ratnaveer Precision Engineering's debt to equity for the quarter that ended in Mar. 2023 was 2.16.

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 Ratnaveer Precision Engineering's Debt-to-Equity or its related term are showing as below:

BOM:543978' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.16 Med: 2.68 Max: 2.88
Current: 2.16

During the past 4 years, the highest Debt-to-Equity Ratio of Ratnaveer Precision Engineering was 2.88. The lowest was 2.16. And the median was 2.68.

BOM:543978's Debt-to-Equity is ranked worse than
93.67% of 553 companies
in the Steel industry
Industry Median: 0.4 vs BOM:543978: 2.16

Ratnaveer Precision Engineering Debt-to-Equity Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering Debt-to-Equity Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.72

2.65

2.88

2.16

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	2.72	2.65	2.88	2.16

Competitive Comparison of Ratnaveer Precision Engineering's Debt-to-Equity

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Ratnaveer Precision Engineering's Debt-to-Equity falls into.

Ratnaveer Precision Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ratnaveer Precision Engineering'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
	=	(1959.85	+	329.5)	/	1060.54
	=	2.16

Ratnaveer Precision Engineering's Debt to Equity Ratio for the quarter 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
	=	(1959.85	+	329.5)	/	1060.54
	=	2.16

Ratnaveer Precision Engineering (BOM:543978) 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.

Ratnaveer Precision Engineering Debt-to-Equity Related Terms

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Ratnaveer Precision Engineering (BOM:543978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Debt-to-Equity

Traded in Other Exchanges

RATNAVEER:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (BOM:543978) Headlines

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