Exide Industries (BOM:500086) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Exide Industries Debt-to-Equity?

Exide Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,889 Mil. Exide Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,340 Mil. Exide Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹128,863 Mil. Exide Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Exide Industries's Debt-to-Equity or its related term are showing as below:

BOM:500086' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.09
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Exide Industries was 0.09. The lowest was 0.01. And the median was 0.03.

BOM:500086's Debt-to-Equity is ranked better than
84.57% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:500086: 0.09

Exide Industries Debt-to-Equity Historical Data

The historical data trend for Exide Industries'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.

Exide Industries Debt-to-Equity Chart

Exide Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.07

0.05

0.09

Exide Industries 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															0.05	N/A	0.06	N/A	0.09

Competitive Comparison of Exide Industries's Debt-to-Equity

For the Auto Parts subindustry, Exide Industries'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.

Exide Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Exide Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Exide Industries'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
	=	(4888.9	+	6339.8)	/	128863.4
	=	0.09

Exide Industries'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
	=	(4888.9	+	6339.8)	/	128863.4
	=	0.09

Exide Industries (BOM:500086) 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.

Exide Industries Debt-to-Equity Related Terms

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

Exide Industries (BOM:500086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Exide Industries Ltd (BOM:500086) » Definitions » Debt-to-Equity

Traded in Other Exchanges

EXIDEIND:India

Address

59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020

Website

https://www.exideindustries.com

Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies operating out of India, including Mitsubishi, Hyundai, Honda, Toyota, Fiat, Renault, GM, Mahindra, Tata, Bajaj, Suzuki, and Hero. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. It operates in the given segment Storage batteries & allied products and Others. Virtually all of the company's revenue is generated in India.

Exide Industries (BOM:500086) Headlines

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