Bihar Sponge Iron (BOM:500058) Debt-to-Equity : N/A (As of Dec. 2024)

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What is Bihar Sponge Iron Debt-to-Equity?

Bihar Sponge Iron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Bihar Sponge Iron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Bihar Sponge Iron's Total Stockholders Equity for the quarter that ended in Dec. 2024 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 Bihar Sponge Iron's Debt-to-Equity or its related term are showing as below:

BOM:500058' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24 Med: -1.19 Max: -0.7
Current: -2.24

During the past 13 years, the highest Debt-to-Equity Ratio of Bihar Sponge Iron was -0.70. The lowest was -2.24. And the median was -1.19.

BOM:500058's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.43 vs BOM:500058: -2.24

Bihar Sponge Iron Debt-to-Equity Historical Data

The historical data trend for Bihar Sponge Iron'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.

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Bihar Sponge Iron Debt-to-Equity Chart

Bihar Sponge Iron Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.06

-1.45

-1.58

-2.15

-2.13

Bihar Sponge Iron Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-2.13	N/A	-2.24	N/A

Competitive Comparison of Bihar Sponge Iron's Debt-to-Equity

For the Steel subindustry, Bihar Sponge Iron'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.

Bihar Sponge Iron's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bihar Sponge Iron's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bihar Sponge Iron's Debt-to-Equity falls into.

Bihar Sponge Iron Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bihar Sponge Iron'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
	=	(337.119	+	851.689)	/	-557.49
	=	-2.13

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

Bihar Sponge Iron (BOM:500058) 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.

Bihar Sponge Iron Debt-to-Equity Related Terms

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Bihar Sponge Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bihar Sponge Iron Ltd (BOM:500058) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Umesh Nagar, Chandil, District Saraikela, Kharsawan, JH, IND, 832401

Website

https://www.bsil.org.in

Bihar Sponge Iron Ltd is engaged in manufacturing and selling of sponge iron. It is involved in manufacturing, producing, purchasing, exporting, selling and dealing with the pre-reduced form of iron, including sponge iron. It produces sponge iron from coal and iron ore. The company's primary product, sponge iron, is a pre-reduced ferrous material, which is used in the place of steel scrap by secondary steel producers operating induction and electric arc furnaces in the construction and infrastructure sectors.

Bihar Sponge Iron Headlines

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