Sona BLW Precision Forgings (NSE:SONACOMS) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Sona BLW Precision Forgings Debt-to-Equity?

Sona BLW Precision Forgings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,138 Mil. Sona BLW Precision Forgings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,984 Mil. Sona BLW Precision Forgings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹26,503 Mil. Sona BLW Precision Forgings's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Sona BLW Precision Forgings's Debt-to-Equity or its related term are showing as below:

NSE:SONACOMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.15 Max: 0.33
Current: 0.16

During the past 6 years, the highest Debt-to-Equity Ratio of Sona BLW Precision Forgings was 0.33. The lowest was 0.08. And the median was 0.15.

NSE:SONACOMS's Debt-to-Equity is ranked better than
76.81% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:SONACOMS: 0.16

Sona BLW Precision Forgings Debt-to-Equity Historical Data

The historical data trend for Sona BLW Precision Forgings'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.

Sona BLW Precision Forgings Debt-to-Equity Chart

Sona BLW Precision Forgings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.31

0.33

0.08

0.13

0.16

Sona BLW Precision Forgings Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.13	N/A	0.16	N/A	0.16

Competitive Comparison of Sona BLW Precision Forgings's Debt-to-Equity

For the Auto Parts subindustry, Sona BLW Precision Forgings'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.

Sona BLW Precision Forgings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Sona BLW Precision Forgings's Debt-to-Equity falls into.

Sona BLW Precision Forgings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sona BLW Precision Forgings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(2137.55	+	1983.78)	/	26503.28
	=	0.16

Sona BLW Precision Forgings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2137.55	+	1983.78)	/	26503.28
	=	0.16

Sona BLW Precision Forgings (NSE:SONACOMS) 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.

Sona BLW Precision Forgings Debt-to-Equity Related Terms

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Sona BLW Precision Forgings (NSE:SONACOMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sona BLW Precision Forgings Ltd (NSE:SONACOMS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

543300:India

Address

Sona Enclave, Sector 35, Post box No. 90, Village Begumpur Khatola, Gurugram, HR, IND, 122 004

Website

https://www.sonacomstar.com

Sona BLW Precision Forgings Ltd is an automotive technology company in India. It is primarily engaged in designing, manufacturing, and supplying of precision forged bevel gears and differential case assemblies, conventional and micro-hybrid starter motors, EV traction motors for automotive and other applications. The Company's operating business is organised and managed according to a single primary reportable business segment namely Automotive Components. Geographically, it derives a majority of revenue from Outside India.

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