Landmark Cars (NSE:LANDMARK) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Landmark Cars Debt-to-Equity?

Landmark Cars's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Landmark Cars's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Landmark Cars'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 Landmark Cars's Debt-to-Equity or its related term are showing as below:

NSE:LANDMARK' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.16 Med: 1.91 Max: 2.33
Current: 1.16

During the past 2 years, the highest Debt-to-Equity Ratio of Landmark Cars was 2.33. The lowest was 1.16. And the median was 1.91.

NSE:LANDMARK's Debt-to-Equity is ranked worse than
78.62% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:LANDMARK: 1.16

Landmark Cars Debt-to-Equity Historical Data

The historical data trend for Landmark Cars'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.

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Landmark Cars Debt-to-Equity Chart

Landmark Cars Annual Data

Trend

Mar21

Mar22

Debt-to-Equity

1.90

1.93

Landmark Cars Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	N/A	N/A	1.16	N/A

Competitive Comparison of Landmark Cars's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Landmark Cars'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.

Landmark Cars's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Landmark Cars Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Landmark Cars'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
	=	(2440.28	+	2317.21)	/	2469.42
	=	1.93

Landmark Cars'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

Landmark Cars (NSE:LANDMARK) 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.

Landmark Cars Debt-to-Equity Related Terms

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

Landmark Cars (NSE:LANDMARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landmark Cars Ltd (NSE:LANDMARK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

543714:India

Address

G. M. Bhosale Marg, Unit No. 201 to 203, Landmark, 2nd Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.grouplandmark.in

Landmark Cars Ltd has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products. The company is operating in a single segment namely the dealership of cars in India. The company's revenue is generated entirely within India.

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