Ishan International (NSE:ISHAN) Debt-to-Equity : 0.23 (As of Sep. 2023)

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What is Ishan International Debt-to-Equity?

Ishan International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹43.3 Mil. Ishan International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹9.6 Mil. Ishan International's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹231.4 Mil. Ishan International's debt to equity for the quarter that ended in Sep. 2023 was 0.23.

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 Ishan International's Debt-to-Equity or its related term are showing as below:

NSE:ISHAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.76 Max: 1.48
Current: 0.23

During the past 4 years, the highest Debt-to-Equity Ratio of Ishan International was 1.48. The lowest was 0.20. And the median was 0.76.

NSE:ISHAN's Debt-to-Equity is ranked better than
67.39% of 184 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.42 vs NSE:ISHAN: 0.23

Ishan International Debt-to-Equity Historical Data

The historical data trend for Ishan International'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.

Ishan International Debt-to-Equity Chart

Ishan International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.21

1.48

1.37

0.20

Ishan International Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	1.37	0.31	0.20	0.23

Competitive Comparison of Ishan International's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.

Ishan International's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Debt-to-Equity distribution charts can be found below:

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

Ishan International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ishan International'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
	=	(39.387	+	8.955)	/	238.182
	=	0.20

Ishan International's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(43.279	+	9.581)	/	231.407
	=	0.23

Ishan International (NSE:ISHAN) 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.

Ishan International Debt-to-Equity Related Terms

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Ishan International (NSE:ISHAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ishan International Ltd (NSE:ISHAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301

Website

https://www.ishanglobal.com

Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

Ishan International (NSE:ISHAN) Headlines

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