Rajnandini Metal (NSE:RAJMET) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Rajnandini Metal Debt-to-Equity?

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

NSE:RAJMET' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.48 Med: 2.18 Max: 3.39
Current: 1.85

During the past 11 years, the highest Debt-to-Equity Ratio of Rajnandini Metal was 3.39. The lowest was 1.48. And the median was 2.18.

NSE:RAJMET's Debt-to-Equity is ranked worse than
94.54% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NSE:RAJMET: 1.85

Rajnandini Metal Debt-to-Equity Historical Data

The historical data trend for Rajnandini Metal'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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Rajnandini Metal Debt-to-Equity Chart

Rajnandini Metal Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.90

2.76

2.18

1.74

Rajnandini Metal Quarterly Data
	Mar17	Mar18	Mar19	Sep19	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	1.74	N/A	1.85	N/A

Competitive Comparison of Rajnandini Metal's Debt-to-Equity

For the Copper subindustry, Rajnandini Metal'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.

Rajnandini Metal's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rajnandini Metal's Debt-to-Equity distribution charts can be found below:

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

Rajnandini Metal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rajnandini Metal'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
	=	(628.2	+	91.2)	/	414.3
	=	1.74

Rajnandini Metal'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

Rajnandini Metal (NSE:RAJMET) 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.

Rajnandini Metal Debt-to-Equity Related Terms

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Rajnandini Metal (NSE:RAJMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rajnandini Metal Ltd (NSE:RAJMET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 344, Sector - 3, Phase - II, IMT Bawal, Rewari, Bawal, HR, IND, 123501

Website

https://www.rajnandinimetal.com

Rajnandini Metal Ltd is an India-based company mainly y engaged in the business of manufacturing, trading or otherwise deal in high-grade Copper Continuous Casting Rods and copper wires. Its Products offeres Copper Rod Annealed Bare Copper Wire, Fine Copper Wire, Bunched Copper Wire, and Submersible Wires & Flat Cables.

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