Jainam Ferro Alloys (I) (NSE:JAINAM) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is Jainam Ferro Alloys (I) Debt-to-Equity?

Jainam Ferro Alloys (I)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0 Mil. Jainam Ferro Alloys (I)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹7 Mil. Jainam Ferro Alloys (I)'s Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,223 Mil. Jainam Ferro Alloys (I)'s debt to equity for the quarter that ended in Sep. 2024 was 0.01.

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 Jainam Ferro Alloys (I)'s Debt-to-Equity or its related term are showing as below:

NSE:JAINAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.3
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Jainam Ferro Alloys (I) was 0.30. The lowest was 0.00. And the median was 0.06.

NSE:JAINAM's Debt-to-Equity is ranked better than
99.82% of 558 companies
in the Steel industry
Industry Median: 0.43 vs NSE:JAINAM: 0.01

Jainam Ferro Alloys (I) Debt-to-Equity Historical Data

The historical data trend for Jainam Ferro Alloys (I)'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.

Jainam Ferro Alloys (I) Debt-to-Equity Chart

Jainam Ferro Alloys (I) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.30

0.12

0.01

0.10

Jainam Ferro Alloys (I) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					0.02	-	-	0.10	0.01

Competitive Comparison of Jainam Ferro Alloys (I)'s Debt-to-Equity

For the Steel subindustry, Jainam Ferro Alloys (I)'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.

Jainam Ferro Alloys (I)'s Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jainam Ferro Alloys (I)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jainam Ferro Alloys (I)'s Debt-to-Equity falls into.

Jainam Ferro Alloys (I) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jainam Ferro Alloys (I)'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
	=	(70.606	+	28.449)	/	1048.119
	=	0.09

Jainam Ferro Alloys (I)'s Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	6.829)	/	1222.79
	=	0.01

Jainam Ferro Alloys (I) (NSE:JAINAM) 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.

Jainam Ferro Alloys (I) Debt-to-Equity Related Terms

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Jainam Ferro Alloys (I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jainam Ferro Alloys (I) Ltd (NSE:JAINAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Urla Industrial Area, Sector-C, Plot No. 103 to 113 & 130 to 136/A & 137, Birgaon, Raipur, CT, IND, 492003

Website

https://www.jainamferro.com

Jainam Ferro Alloys (I) Ltd is engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese and Silico manganese, largely used in the Steel industry. Ferro silicon, ferro silicon oxide, ferro silicon, ferro silicon, and ferro chrome are among the company's products. The company also generates revenue from trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys. It sells products within India.

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