Coromandel International (BOM:506395) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Coromandel International Debt-to-Equity?

Coromandel International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹819 Mil. Coromandel International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,103 Mil. Coromandel International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹94,199 Mil. Coromandel International's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

BOM:506395' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.62 Max: 0.94
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Coromandel International was 0.94. The lowest was 0.05. And the median was 0.62.

BOM:506395's Debt-to-Equity is ranked better than
90.28% of 216 companies
in the Agriculture industry
Industry Median: 0.385 vs BOM:506395: 0.05

Coromandel International Debt-to-Equity Historical Data

The historical data trend for Coromandel International'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.

Coromandel International Debt-to-Equity Chart

Coromandel International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.47

0.08

0.06

0.05

Coromandel International 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															0.05	N/A	0.05	N/A	0.05

Competitive Comparison of Coromandel International's Debt-to-Equity

For the Agricultural Inputs subindustry, Coromandel International'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.

Coromandel International's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Coromandel International's Debt-to-Equity distribution charts can be found below:

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

Coromandel International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coromandel International'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
	=	(818.6	+	4102.6)	/	94199
	=	0.05

Coromandel International'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
	=	(818.6	+	4102.6)	/	94199
	=	0.05

Coromandel International (BOM:506395) 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.

Coromandel International Debt-to-Equity Related Terms

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Coromandel International (BOM:506395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Coromandel International Ltd (BOM:506395) » Definitions » Debt-to-Equity

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COROMANDEL:India

Address

1-2-10, Sardar Patel Road, Coromandel House, Secunderabad, TG, IND, 500003

Website

https://www.coromandel.biz

Coromandel International Ltd manufactures and sells fertilizers and crop protection chemicals to the agriculture industry. The firm's revenue is generated in India, but the company also derives revenue in Latin America and Africa. The company's main product lines consist of organic manure, specialty nutrients that include water soluble fertilizers, and single super phosphate fertilizers. Coromandel's primary brands include Gromor Suraksha and Godavari fertilizers. The firm also owns and operates retail outlets known as Mana Grormor Centers.

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