Rane Holdings (NSE:RANEHOLDIN) Debt-to-Equity : 0.94 (As of Mar. 2024)

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What is Rane Holdings Debt-to-Equity?

Rane Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,232 Mil. Rane Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,301 Mil. Rane Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹9,062 Mil. Rane Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.94.

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 Rane Holdings's Debt-to-Equity or its related term are showing as below:

NSE:RANEHOLDIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 0.83 Max: 1.11
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Rane Holdings was 1.11. The lowest was 0.63. And the median was 0.83.

NSE:RANEHOLDIN's Debt-to-Equity is ranked worse than
72.61% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:RANEHOLDIN: 0.94

Rane Holdings Debt-to-Equity Historical Data

The historical data trend for Rane Holdings'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.

Rane Holdings Debt-to-Equity Chart

Rane Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.78

0.88

1.03

1.11

0.94

Rane Holdings 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															1.11	N/A	0.99	N/A	0.94

Competitive Comparison of Rane Holdings's Debt-to-Equity

For the Auto Parts subindustry, Rane Holdings'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.

Rane Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Rane Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rane Holdings'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
	=	(5232.4	+	3301.2)	/	9062.1
	=	0.94

Rane Holdings'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
	=	(5232.4	+	3301.2)	/	9062.1
	=	0.94

Rane Holdings (NSE:RANEHOLDIN) 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.

Rane Holdings Debt-to-Equity Related Terms

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

Rane Holdings (NSE:RANEHOLDIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Holdings Ltd (NSE:RANEHOLDIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

505800:India

Address

Maithri 132, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Holdings Ltd is engaged in the manufacturing and marketing of automotive components for the transportation industry. It also provides consultancy and other services to the Group. The group supplies to various sections of the automobile industry including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines. Steering and suspension systems, Friction material components, Valve train components, Occupant safety systems, Aluminium diecast components, and others are the products offered by the company. It derives revenue from India and the Rest of the world, of which key revenue is generated with in India.

Rane Holdings (NSE:RANEHOLDIN) Headlines

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