Diesel & Motor Engineering (COL:DIMO.N0000) Debt-to-Equity : 1.73 (As of Dec. 2023)

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What is Diesel & Motor Engineering Debt-to-Equity?

Diesel & Motor Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු23,311 Mil. Diesel & Motor Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු3,043 Mil. Diesel & Motor Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු15,207 Mil. Diesel & Motor Engineering's debt to equity for the quarter that ended in Dec. 2023 was 1.73.

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 Diesel & Motor Engineering's Debt-to-Equity or its related term are showing as below:

COL:DIMO.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.82 Max: 1.73
Current: 1.73

During the past 13 years, the highest Debt-to-Equity Ratio of Diesel & Motor Engineering was 1.73. The lowest was 0.35. And the median was 0.82.

COL:DIMO.N0000's Debt-to-Equity is ranked worse than
89.68% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs COL:DIMO.N0000: 1.73

Diesel & Motor Engineering Debt-to-Equity Historical Data

The historical data trend for Diesel & Motor 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.

Diesel & Motor Engineering Debt-to-Equity Chart

Diesel & Motor Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.86

0.98

0.35

0.64

0.97

Diesel & Motor Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.00	0.97	1.10	1.38	1.73

Competitive Comparison of Diesel & Motor Engineering's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Diesel & Motor 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.

Diesel & Motor Engineering's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Diesel & Motor Engineering's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Diesel & Motor Engineering's Debt-to-Equity falls into.

Diesel & Motor Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diesel & Motor 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
	=	(12896.953	+	1606.761)	/	14976.304
	=	0.97

Diesel & Motor Engineering's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(23310.91	+	3042.681)	/	15207.4
	=	1.73

Diesel & Motor Engineering (COL:DIMO.N0000) 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.

Diesel & Motor Engineering Debt-to-Equity Related Terms

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

Diesel & Motor Engineering (COL:DIMO.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Diesel & Motor Engineering PLC (COL:DIMO.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 65, Jetawana Road, P.O. Box 339, Colombo, LKA, 14

Website

https://www.dimolanka.com

Diesel & Motor Engineering PLC is involved in the auto and truck business sector. Its business operates in various segments that include Vehicles, After sale services, Retail, Construction and logistical solutions, Agriculture, and Engineering solutions. The Vehicle-sales segment which generates maximum revenue for the company, is engaged in the sale of brand new passenger vehicles, commercial vehicles, special purpose vehicles, and pre-owned passenger vehicles. It provides its services to various industries that include agriculture, building, construction, mining, and medical engineering.

Diesel & Motor Engineering (COL:DIMO.N0000) Headlines

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