Sturdy Industries (BOM:530611) Debt-to-Equity : -2.07 (As of Mar. 2024)

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What is Sturdy Industries Debt-to-Equity?

Sturdy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,764.20 Mil. Sturdy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Sturdy Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-851.00 Mil. Sturdy Industries's debt to equity for the quarter that ended in Mar. 2024 was -2.07.

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 Sturdy Industries's Debt-to-Equity or its related term are showing as below:

BOM:530611' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.44 Med: -1.86 Max: 200.81
Current: -2.45

During the past 13 years, the highest Debt-to-Equity Ratio of Sturdy Industries was 200.81. The lowest was -3.44. And the median was -1.86.

BOM:530611's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs BOM:530611: -2.45

Sturdy Industries Debt-to-Equity Historical Data

The historical data trend for Sturdy Industries'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.

Sturdy Industries Debt-to-Equity Chart

Sturdy Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

-3.44

-2.70

-2.67

-2.45

-2.07

Sturdy Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-2.45	N/A	N/A	-2.07

Competitive Comparison of Sturdy Industries's Debt-to-Equity

For the Aluminum subindustry, Sturdy Industries'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.

Sturdy Industries's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Sturdy Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sturdy Industries'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
	=	(1764.2	+	0)	/	-851
	=	-2.07

Sturdy Industries'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
	=	(1764.2	+	0)	/	-851
	=	-2.07

Sturdy Industries (BOM:530611) 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.

Sturdy Industries Debt-to-Equity Related Terms

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

Sturdy Industries (BOM:530611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sturdy Industries Ltd (BOM:530611) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot Number 45, Sector 1, Solan, Parwanoo, HP, IND, 173220

Website

http://www.sturdyindustries.com

Sturdy Industries Ltd is an India based company engaged in the manufacture and trade of aluminum panels and pipe fittings. The company's operating segment includes Plastic Pipes and Fitting; Aluminum; and Trading. It generates maximum revenue from the Aluminum segment. The company's product categories include Aluminium Panel; Sprinkler Irrigation; Drip Irrigation; Wire Rods; Bare Aluminium Electrical Conductors; and Aerial Bunched Cables.

Sturdy Industries (BOM:530611) Headlines

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