Rajasthan Gases (BOM:526873) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Rajasthan Gases Debt-to-Equity?

Rajasthan Gases's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Rajasthan Gases's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Rajasthan Gases's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹74.85 Mil. Rajasthan Gases's debt to equity for the quarter that ended in Dec. 2023 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 Rajasthan Gases's Debt-to-Equity or its related term are showing as below:

BOM:526873' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 1.21 Max: 6.84
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Rajasthan Gases was 6.84. The lowest was 0.12. And the median was 1.21.

BOM:526873's Debt-to-Equity is ranked worse than
63.45% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs BOM:526873: 1.29

Rajasthan Gases Debt-to-Equity Historical Data

The historical data trend for Rajasthan Gases'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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Rajasthan Gases Debt-to-Equity Chart

Rajasthan Gases Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.12

6.84

1.21

Rajasthan Gases 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	1.21	N/A	N/A	-

Competitive Comparison of Rajasthan Gases's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Rajasthan Gases'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.

Rajasthan Gases's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rajasthan Gases's Debt-to-Equity distribution charts can be found below:

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

Rajasthan Gases Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rajasthan Gases'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
	=	(48.139	+	48.139)	/	79.457
	=	1.21

Rajasthan Gases'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)	/	74.853
	=	0.00

Rajasthan Gases (BOM:526873) 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.

Rajasthan Gases Debt-to-Equity Related Terms

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Rajasthan Gases (BOM:526873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rajasthan Gases Ltd (BOM:526873) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

16 Street Near 33rd Road, 103, Roha Orion, TPS III, Bandra (West), Mumbai, MH, IND, 400050

Website

http://www.rajasthangasesltd.com

Rajasthan Gases Ltd is an Indian firm that operates in the petrochemical sector. The company Is engaged in the business line of LPG bottling, distribution, and transportation activites. It is operational in one business segment: natural gases and has only one geographical segment: India.

Rajasthan Gases (BOM:526873) Headlines

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