Delton Cables (BOM:504240) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Delton Cables Debt-to-Equity?

Delton Cables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Delton Cables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Delton Cables's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Delton Cables's Debt-to-Equity or its related term are showing as below:

BOM:504240' s Debt-to-Equity Range Over the Past 10 Years
Min: -73.43 Med: 1.4 Max: 8.37
Current: 1.75

During the past 13 years, the highest Debt-to-Equity Ratio of Delton Cables was 8.37. The lowest was -73.43. And the median was 1.40.

BOM:504240's Debt-to-Equity is ranked worse than
95.11% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:504240: 1.75

Delton Cables Debt-to-Equity Historical Data

The historical data trend for Delton Cables'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.

Delton Cables Debt-to-Equity Chart

Delton Cables Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.12

0.87

1.14

1.26

1.44

Delton Cables Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.44	N/A	1.75	N/A

Competitive Comparison of Delton Cables's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Delton Cables'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.

Delton Cables's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delton Cables's Debt-to-Equity distribution charts can be found below:

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

Delton Cables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Delton Cables'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
	=	(686.124	+	130.224)	/	567.142
	=	1.44

Delton Cables's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Delton Cables (BOM:504240) 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.

Delton Cables Debt-to-Equity Related Terms

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

Delton Cables (BOM:504240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delton Cables Ltd (BOM:504240) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Bharat Ram Road, Delton House, 4801, 24, Darya Ganj, New Delhi, IND, 110002

Website

https://www.deltoncables.com

Delton Cables Ltd manufactures and supplies wires, cables, and switchgear in India and internationally. It offers wires and cables for various applications, such as power and control, indoor telephone, instrumentation, high temperature, compensating, and zero halogen. The company also provides switchgear, including miniature circuit breakers (MCBs), DC MCBs, MCB isolators, residual current circuit breakers, and offload changeover switches. In addition, it offers distribution boards. It earns the majority of its revenue from selling cables and switchgear items in Domestic markets.

Delton Cables (BOM:504240) Headlines

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