Saurashtra Cement (BOM:502175) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Saurashtra Cement Debt-to-Equity?

Saurashtra Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹740 Mil. Saurashtra Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹110 Mil. Saurashtra Cement's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹9,277 Mil. Saurashtra Cement's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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

BOM:502175' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.12
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Saurashtra Cement was 0.12. The lowest was 0.02. And the median was 0.06.

BOM:502175's Debt-to-Equity is ranked better than
83.05% of 354 companies
in the Building Materials industry
Industry Median: 0.38 vs BOM:502175: 0.09

Saurashtra Cement Debt-to-Equity Historical Data

The historical data trend for Saurashtra Cement'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.

Saurashtra Cement Debt-to-Equity Chart

Saurashtra Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.07

0.04

0.12

0.08

0.09

Saurashtra Cement 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															0.08	N/A	0.08	N/A	0.09

Competitive Comparison of Saurashtra Cement's Debt-to-Equity

For the Building Materials subindustry, Saurashtra Cement'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.

Saurashtra Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Saurashtra Cement's Debt-to-Equity distribution charts can be found below:

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

Saurashtra Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saurashtra Cement'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
	=	(740.427	+	109.861)	/	9277.455
	=	0.09

Saurashtra Cement'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
	=	(740.427	+	109.861)	/	9277.455
	=	0.09

Saurashtra Cement (BOM:502175) 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.

Saurashtra Cement Debt-to-Equity Related Terms

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

Saurashtra Cement (BOM:502175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Saurashtra Cement Ltd (BOM:502175) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SAURASHCEM:India

Address

Babubhai Chinai Marg, N. K. Mehta International House, Agrima Business Centre, 2nd Floor, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020

Website

https://scl.mehtagroup.com

Saurashtra Cement Ltd is a cement and clinker manufacturing company based in India. The company manufactures cement under the brand name HATHI. The firm generates maximum revenue from India. Most of its revenue comes from the sales of the cement product. The Company operates in two reportable segment i.e. manufacture of Cement and Clinker and Paints. The company makes majority of its revenue from Cement and Clinker segment.

Saurashtra Cement (BOM:502175) Headlines

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