Alpex Solar (NSE:ALPEXSOLAR) Debt-to-Equity : 0.85 (As of Sep. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Alpex Solar Debt-to-Equity?

Alpex Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹393 Mil. Alpex Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹25 Mil. Alpex Solar's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹491 Mil. Alpex Solar's debt to equity for the quarter that ended in Sep. 2023 was 0.85.

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 Alpex Solar's Debt-to-Equity or its related term are showing as below:

NSE:ALPEXSOLAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.82 Max: 1.14
Current: 0.85

During the past 3 years, the highest Debt-to-Equity Ratio of Alpex Solar was 1.14. The lowest was 0.71. And the median was 0.82.

NSE:ALPEXSOLAR's Debt-to-Equity is ranked worse than
83.66% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs NSE:ALPEXSOLAR: 0.85

Alpex Solar Debt-to-Equity Historical Data

The historical data trend for Alpex Solar'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.

Alpex Solar Debt-to-Equity Chart

Alpex Solar Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.80

0.71

1.14

Alpex Solar Quarterly Data
	Mar21	Mar22	Mar23	Sep23
Debt-to-Equity	0.80	0.71	1.14	0.85

Competitive Comparison of Alpex Solar's Debt-to-Equity

For the Solar subindustry, Alpex Solar'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.

Alpex Solar's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alpex Solar's Debt-to-Equity distribution charts can be found below:

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

Alpex Solar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alpex Solar'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
	=	(389.064	+	84.509)	/	414.628
	=	1.14

Alpex Solar'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
	=	(392.584	+	24.93)	/	490.685
	=	0.85

Alpex Solar (NSE:ALPEXSOLAR) 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.

Alpex Solar Debt-to-Equity Related Terms

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

Alpex Solar (NSE:ALPEXSOLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alpex Solar Ltd (NSE:ALPEXSOLAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Company portfolio of solar energy products consists of bifacial, mono perc, Halfcut solar PV modules and also provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.

Alpex Solar (NSE:ALPEXSOLAR) Headlines

No Headlines