Premier (BOM:500540) Debt-to-Equity : -0.54 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Premier Debt-to-Equity?

Premier's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,685.75 Mil. Premier's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹97.56 Mil. Premier's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-3,297.79 Mil. Premier's debt to equity for the quarter that ended in Mar. 2024 was -0.54.

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

BOM:500540' s Debt-to-Equity Range Over the Past 10 Years
Min: -38.1 Med: -0.55 Max: 2.04
Current: -0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Premier was 2.04. The lowest was -38.10. And the median was -0.55.

BOM:500540's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs BOM:500540: -0.54

Premier Debt-to-Equity Historical Data

The historical data trend for Premier'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.

Premier Debt-to-Equity Chart

Premier Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

-1.07

-0.64

-0.59

-0.56

-0.54

Premier Quarterly Data
	Jun19	Sep19	Dec19	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															-0.56	N/A	-0.55	N/A	-0.54

Competitive Comparison of Premier's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Premier'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.

Premier's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Premier's Debt-to-Equity distribution charts can be found below:

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

Premier Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premier'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
	=	(1685.745	+	97.561)	/	-3297.793
	=	-0.54

Premier'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
	=	(1685.745	+	97.561)	/	-3297.793
	=	-0.54

Premier (BOM:500540) 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.

Premier Debt-to-Equity Related Terms

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

Premier (BOM:500540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Premier Ltd (BOM:500540) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PREMIER:India

Address

58, Nariman Bhavan, 5th Floor, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.premier.co.in

Premier Ltd manufactures CNC Machines and heavy engineering products. The company manufactures and supplies wind turbine parts and metro bogie frames for metro rails. Its critical parts involve both structural, forging & casting parts. It operates in one segment namely Engineering consists of the Manufacture of CNC Machines and large mechanical components for the wind energy and infrastructure sectors and professional and engineering services related thereto. It earns revenue from the Manufacture and Sale of goods & rendering services.

Premier (BOM:500540) Headlines

No Headlines