Indraprastha Gas (BOM:532514) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Indraprastha Gas Debt-to-Equity?

Indraprastha Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹247 Mil. Indraprastha Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹565 Mil. Indraprastha Gas's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹96,334 Mil. Indraprastha Gas's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Indraprastha Gas's Debt-to-Equity or its related term are showing as below:

BOM:532514' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Indraprastha Gas was 0.07. The lowest was 0.01. And the median was 0.02.

BOM:532514's Debt-to-Equity is ranked better than
99.79% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs BOM:532514: 0.01

Indraprastha Gas Debt-to-Equity Historical Data

The historical data trend for Indraprastha Gas'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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Indraprastha Gas Debt-to-Equity Chart

Indraprastha Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

Indraprastha Gas 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															0.01	N/A	0.01	N/A	0.01

Competitive Comparison of Indraprastha Gas's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Indraprastha Gas'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.

Indraprastha Gas's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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

Indraprastha Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indraprastha Gas'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
	=	(247.1	+	564.6)	/	96333.7
	=	0.01

Indraprastha Gas'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
	=	(247.1	+	564.6)	/	96333.7
	=	0.01

Indraprastha Gas (BOM:532514) 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.

Indraprastha Gas Debt-to-Equity Related Terms

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

Indraprastha Gas (BOM:532514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Indraprastha Gas Ltd (BOM:532514) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IGL:India

Address

IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022

Website

https://www.iglonline.net

Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.

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