Sundaram Brake Linings (BOM:590072) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Sundaram Brake Linings Debt-to-Equity?

Sundaram Brake Linings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹392 Mil. Sundaram Brake Linings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹50 Mil. Sundaram Brake Linings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹951 Mil. Sundaram Brake Linings's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

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 Sundaram Brake Linings's Debt-to-Equity or its related term are showing as below:

BOM:590072' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.46 Max: 0.69
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Sundaram Brake Linings was 0.69. The lowest was 0.29. And the median was 0.46.

BOM:590072's Debt-to-Equity is ranked better than
50.21% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:590072: 0.47

Sundaram Brake Linings Debt-to-Equity Historical Data

The historical data trend for Sundaram Brake Linings'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.

Sundaram Brake Linings Debt-to-Equity Chart

Sundaram Brake Linings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.29

0.33

0.46

0.59

0.47

Sundaram Brake Linings 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															0.59	N/A	0.40	N/A	0.47

Competitive Comparison of Sundaram Brake Linings's Debt-to-Equity

For the Auto Parts subindustry, Sundaram Brake Linings'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.

Sundaram Brake Linings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sundaram Brake Linings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sundaram Brake Linings's Debt-to-Equity falls into.

Sundaram Brake Linings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sundaram Brake Linings'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
	=	(392.381	+	49.9)	/	950.591
	=	0.47

Sundaram Brake Linings'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
	=	(392.381	+	49.9)	/	950.591
	=	0.47

Sundaram Brake Linings (BOM:590072) 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.

Sundaram Brake Linings Debt-to-Equity Related Terms

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Sundaram Brake Linings (BOM:590072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sundaram Brake Linings Ltd (BOM:590072) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SUNDRMBRAK:India

Address

Padi, Chennai, TN, IND, 600 050

Website

https://www.tvsbrakelinings.com

Sundaram Brake Linings Ltd is involved in the manufacture of automotive, non-automotive, railways, and industrial friction materials. Their products are used as raw materials for commercial vehicles, passenger cars, tractors (agricultural), railways, and the two-wheeler industry. Geographically, it derives a majority of revenue from India. The company offers products, including Brake Linings, Clutch Facings, Disc Brake pads, and others. Its only operating segment being friction materials.

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