Eimco Elecon India (BOM:523708) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Eimco Elecon India Debt-to-Equity?

Eimco Elecon India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3 Mil. Eimco Elecon India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1 Mil. Eimco Elecon India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹3,862 Mil. Eimco Elecon India's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Eimco Elecon India's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Eimco Elecon India was 0.01. The lowest was 0.00. And the median was 0.00.

BOM:523708's Debt-to-Equity is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Eimco Elecon India Debt-to-Equity Historical Data

The historical data trend for Eimco Elecon India'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.

Eimco Elecon India Debt-to-Equity Chart

Eimco Elecon India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

Eimco Elecon India 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															-	N/A	-	N/A	-

Competitive Comparison of Eimco Elecon India's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.

Eimco Elecon India's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Debt-to-Equity distribution charts can be found below:

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

Eimco Elecon India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eimco Elecon India'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
	=	(2.751	+	1.333)	/	3861.706
	=	0.00

Eimco Elecon India'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
	=	(2.751	+	1.333)	/	3861.706
	=	0.00

Eimco Elecon India (BOM:523708) 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.

Eimco Elecon India Debt-to-Equity Related Terms

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Eimco Elecon India (BOM:523708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Eimco Elecon India Ltd (BOM:523708) » Definitions » Debt-to-Equity

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EIMCOELECO:India

Address

Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120

Website

https://www.eimcoelecon.in

Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

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