Patel Engineering (BOM:531120) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Patel Engineering Debt-to-Equity?

Patel Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13,403 Mil. Patel Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,696 Mil. Patel Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹31,536 Mil. Patel Engineering's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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 Patel Engineering's Debt-to-Equity or its related term are showing as below:

BOM:531120' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1.09 Max: 3.19
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Patel Engineering was 3.19. The lowest was 0.61. And the median was 1.09.

BOM:531120's Debt-to-Equity is ranked worse than
59.74% of 1515 companies
in the Construction industry
Industry Median: 0.44 vs BOM:531120: 0.61

Patel Engineering Debt-to-Equity Historical Data

The historical data trend for Patel Engineering'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.

Patel Engineering Debt-to-Equity Chart

Patel Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.90

0.99

0.96

0.61

Patel Engineering 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															0.61	N/A	0.68	N/A	0.61

Competitive Comparison of Patel Engineering's Debt-to-Equity

For the Engineering & Construction subindustry, Patel Engineering'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.

Patel Engineering's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Patel Engineering's Debt-to-Equity distribution charts can be found below:

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

Patel Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patel Engineering'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
	=	(13402.93	+	5696.16)	/	31536.19
	=	0.61

Patel Engineering'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
	=	(13402.93	+	5696.16)	/	31536.19
	=	0.61

Patel Engineering (BOM:531120) 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.

Patel Engineering Debt-to-Equity Related Terms

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Patel Engineering (BOM:531120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Patel Engineering Ltd (BOM:531120) » Definitions » Debt-to-Equity

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PATELENG:India

Address

Patel Estate Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

http://www.pateleng.com

Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates, and townships.

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