Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Cholamandalam Investment and Finance Co Debt-to-Equity?

Cholamandalam Investment and Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Cholamandalam Investment and Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Cholamandalam Investment and Finance Co'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 Cholamandalam Investment and Finance Co's Debt-to-Equity or its related term are showing as below:

NSE:CHOLAFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 5.74 Med: 6.68 Max: 8.26
Current: 7.56

During the past 13 years, the highest Debt-to-Equity Ratio of Cholamandalam Investment and Finance Co was 8.26. The lowest was 5.74. And the median was 6.68.

NSE:CHOLAFIN's Debt-to-Equity is ranked worse than
93.74% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs NSE:CHOLAFIN: 7.56

Cholamandalam Investment and Finance Co Debt-to-Equity Historical Data

The historical data trend for Cholamandalam Investment and Finance Co'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.

Cholamandalam Investment and Finance Co Debt-to-Equity Chart

Cholamandalam Investment and Finance Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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8.14

6.72

6.65

5.89

6.80

Cholamandalam Investment and Finance Co 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	6.80	N/A	7.56	N/A

Competitive Comparison of Cholamandalam Investment and Finance Co's Debt-to-Equity

For the Credit Services subindustry, Cholamandalam Investment and Finance Co'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.

Cholamandalam Investment and Finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Cholamandalam Investment and Finance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cholamandalam Investment and Finance Co's Debt-to-Equity falls into.

Cholamandalam Investment and Finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cholamandalam Investment and Finance Co'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	+	975243.9)	/	143461
	=	6.80

Cholamandalam Investment and Finance Co'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

Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) 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.

Cholamandalam Investment and Finance Co Debt-to-Equity Related Terms

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Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Cholamandalam Investment and Finance Co Ltd (NSE:CHOLAFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

511243:India

Address

No.2, N.S.C. Bose Road, Parrys, Dare House, 1st Floor, Chennai, TN, IND, 600001

Website

https://www.cholamandalam.com

Cholamandalam Investment and Finance Co Ltd serve as the financial services arm of the Murugappa Group. Its subsidiaries include Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). The company's operating segments include Vehicle finance loans, which provide loans for the purchase of vehicles, tractors, and construction equipment. Home Loans include loans given for the acquisition of residential property. Loan against property which includes Loans to the customer against immovable property and Other loans, including loans against shares and SME loans. The company also offers investment advisory and stockbroking services. It operates solely in India.

Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Headlines

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