Dredging of India (NSE:DREDGECORP) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Dredging of India Debt-to-Equity?

Dredging of India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Dredging of India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Dredging of India's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Dredging of India's Debt-to-Equity or its related term are showing as below:

NSE:DREDGECORP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.42 Max: 0.88
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Dredging of India was 0.88. The lowest was 0.04. And the median was 0.42.

NSE:DREDGECORP's Debt-to-Equity is ranked better than
62.63% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs NSE:DREDGECORP: 0.27

Dredging of India Debt-to-Equity Historical Data

The historical data trend for Dredging of India'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.

Dredging of India Debt-to-Equity Chart

Dredging of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.41

0.38

0.31

0.27

0.18

Dredging of India 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															N/A	0.18	N/A	0.27	N/A

Competitive Comparison of Dredging of India's Debt-to-Equity

For the Engineering & Construction subindustry, Dredging of India'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.

Dredging of India's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dredging of India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dredging of India's Debt-to-Equity falls into.

Dredging of India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dredging of India'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
	=	(728.094	+	1894.273)	/	14225.598
	=	0.18

Dredging of India'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
	=	(0	+	0)	/	0
	=	N/A

Dredging of India (NSE:DREDGECORP) 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.

Dredging of India Debt-to-Equity Related Terms

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Dredging of India (NSE:DREDGECORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dredging Corp of India Ltd (NSE:DREDGECORP) » Definitions » Debt-to-Equity

Traded in Other Exchanges

523618:India

Address

HB Colony Main Road, Dredge House, Seethammadhara, Visakhapatnam, AP, IND, 530022

Website

https://www.dredge-india.com

Dredging Corp of India Ltd is an Indian-based company engaged in providing the services of Capital Dredging, Maintenance Dredging, Beach Nourishment, Land Reclamation, Shallow water Dredging, Project Management Consultancy, and Marine Construction. It provides dredging services to ports, the Indian Navy, fishing harbors, and other maritime organizations. It operates in a single segment of dredging services and generates its income from such services.

Dredging of India (NSE:DREDGECORP) Headlines

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