Deccan Gold Mines (BOM:512068) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Deccan Gold Mines Debt-to-Equity?

Deccan Gold Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Deccan Gold Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Deccan Gold Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

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 Deccan Gold Mines's Debt-to-Equity or its related term are showing as below:

BOM:512068' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.34
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Deccan Gold Mines was 0.34. The lowest was 0.01. And the median was 0.05.

BOM:512068's Debt-to-Equity is ranked worse than
68.02% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:512068: 0.34

Deccan Gold Mines Debt-to-Equity Historical Data

The historical data trend for Deccan Gold Mines'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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Deccan Gold Mines Debt-to-Equity Chart

Deccan Gold Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.02

Deccan Gold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.02	N/A	0.34	N/A

Competitive Comparison of Deccan Gold Mines's Debt-to-Equity

For the Gold subindustry, Deccan Gold Mines'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.

Deccan Gold Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Deccan Gold Mines's Debt-to-Equity distribution charts can be found below:

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

Deccan Gold Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deccan Gold Mines'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
	=	(33.5	+	0)	/	1550.037
	=	0.02

Deccan Gold Mines's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Deccan Gold Mines (BOM:512068) 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.

Deccan Gold Mines Debt-to-Equity Related Terms

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Deccan Gold Mines (BOM:512068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deccan Gold Mines Ltd (BOM:512068) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1285, 19th Main Road, 7th Sector, HSR Layout, Near HSR Bus Depot, Bangalore, KA, IND, 560 102

Website

https://www.deccangoldmines.com

Deccan Gold Mines Ltd is a mining company engaged in the business of gold exploration and mining. It has been involved in gold exploration activities in the states of Karnataka and Andhra Pradesh where the activities have resulted in defining many gold prospects spread across these states. Its objective is to advance these gold prospects into commercial gold production. The company's projects portfolio includes the Dharwar Shimoga, Hutti-Maski, Mangalur Schist Belt, and Ramagiri Schist Belt.

Deccan Gold Mines (BOM:512068) Headlines

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