Max Alert Systems (BOM:534563) Debt-to-Equity : -0.30 (As of Sep. 2023)

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What is Max Alert Systems Debt-to-Equity?

Max Alert Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Max Alert Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹18.82 Mil. Max Alert Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹-62.42 Mil. Max Alert Systems's debt to equity for the quarter that ended in Sep. 2023 was -0.30.

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 Max Alert Systems's Debt-to-Equity or its related term are showing as below:

BOM:534563' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.33 Med: 0.15 Max: 0.64
Current: -0.3

During the past 12 years, the highest Debt-to-Equity Ratio of Max Alert Systems was 0.64. The lowest was -0.33. And the median was 0.15.

BOM:534563's Debt-to-Equity is not ranked
in the Building Materials industry.
Industry Median: 0.39 vs BOM:534563: -0.30

Max Alert Systems Debt-to-Equity Historical Data

The historical data trend for Max Alert Systems'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.

Max Alert Systems Debt-to-Equity Chart

Max Alert Systems Annual Data

Trend

Mar13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.14

0.16

-0.33

-0.31

Max Alert Systems Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.26	-0.33	-0.32	-0.31	-0.30

Competitive Comparison of Max Alert Systems's Debt-to-Equity

For the Building Materials subindustry, Max Alert Systems'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.

Max Alert Systems's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Max Alert Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Max Alert Systems's Debt-to-Equity falls into.

Max Alert Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Max Alert Systems'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
	=	(0	+	18.814)	/	-61.493
	=	-0.31

Max Alert Systems'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
	=	(0	+	18.815)	/	-62.423
	=	-0.30

Max Alert Systems (BOM:534563) 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.

Max Alert Systems Debt-to-Equity Related Terms

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Max Alert Systems (BOM:534563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Max Alert Systems Ltd (BOM:534563) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makwana Road, 502, 5th Floor,Timmy Arcade, Marol, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.maxalert.in

Max Alert Systems Ltd is engaged in the business of stone crushing and mining activities in India. The company also provides cement and downstream products, namely, pavers, Hollow Bricks in vertically integrated structured markets. Company is operating in two segments Mining and Stone Crushing, Telecom Tower Installation.

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