Swastik Pipe (NSE:SWASTIK) Debt-to-Equity : 0.53 (As of Mar. 2023)

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What is Swastik Pipe Debt-to-Equity?

Swastik Pipe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹711 Mil. Swastik Pipe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹399 Mil. Swastik Pipe's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹2,083 Mil. Swastik Pipe's debt to equity for the quarter that ended in Mar. 2023 was 0.53.

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 Swastik Pipe's Debt-to-Equity or its related term are showing as below:

NSE:SWASTIK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 1.61 Max: 2.47
Current: 0.53

During the past 4 years, the highest Debt-to-Equity Ratio of Swastik Pipe was 2.47. The lowest was 0.53. And the median was 1.61.

NSE:SWASTIK's Debt-to-Equity is ranked worse than
58.48% of 554 companies
in the Steel industry
Industry Median: 0.4 vs NSE:SWASTIK: 0.53

Swastik Pipe Debt-to-Equity Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Debt-to-Equity Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.47

2.41

0.80

0.53

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	2.47	2.41	0.80	0.53

Competitive Comparison of Swastik Pipe's Debt-to-Equity

For the Steel subindustry, Swastik Pipe'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.

Swastik Pipe's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Swastik Pipe's Debt-to-Equity distribution charts can be found below:

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

Swastik Pipe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Swastik Pipe'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
	=	(710.99	+	398.762)	/	2083.235
	=	0.53

Swastik Pipe'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
	=	(710.99	+	398.762)	/	2083.235
	=	0.53

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe Debt-to-Equity Related Terms

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

Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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