Kundan Edifice (NSE:KEL) Debt-to-Equity : 1.79 (As of Mar. 2023)

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What is Kundan Edifice Debt-to-Equity?

Kundan Edifice's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹90.4 Mil. Kundan Edifice's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹54.6 Mil. Kundan Edifice's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹81.1 Mil. Kundan Edifice's debt to equity for the quarter that ended in Mar. 2023 was 1.79.

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 Kundan Edifice's Debt-to-Equity or its related term are showing as below:

NSE:KEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.04 Med: 4.32 Max: 5.61
Current: 1.79

During the past 2 years, the highest Debt-to-Equity Ratio of Kundan Edifice was 5.61. The lowest was 3.04. And the median was 4.32.

NSE:KEL's Debt-to-Equity is ranked worse than
94.93% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs NSE:KEL: 1.79

Kundan Edifice Debt-to-Equity Historical Data

The historical data trend for Kundan Edifice'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.

Kundan Edifice Debt-to-Equity Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

Debt-to-Equity

5.61

3.04

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	5.61	3.04	1.79

Competitive Comparison of Kundan Edifice's Debt-to-Equity

For the Electronic Components subindustry, Kundan Edifice'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.

Kundan Edifice's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kundan Edifice's Debt-to-Equity distribution charts can be found below:

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

Kundan Edifice Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kundan Edifice's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(41.245	+	49.257)	/	29.772
	=	3.04

Kundan Edifice'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
	=	(90.432	+	54.629)	/	81.081
	=	1.79

Kundan Edifice (NSE:KEL) 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.

Kundan Edifice Debt-to-Equity Related Terms

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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

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