Ashok Leyland (BOM:500477) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Ashok Leyland Debt-to-Equity?

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

BOM:500477' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.85 Med: 2.3 Max: 3.87
Current: 3.87

During the past 13 years, the highest Debt-to-Equity Ratio of Ashok Leyland was 3.87. The lowest was 1.85. And the median was 2.30.

BOM:500477's Debt-to-Equity is ranked worse than
98.41% of 189 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.4 vs BOM:500477: 3.87

Ashok Leyland Debt-to-Equity Historical Data

The historical data trend for Ashok Leyland'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.

Ashok Leyland Debt-to-Equity Chart

Ashok Leyland Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.19

2.88

3.06

3.31

3.64

Ashok Leyland 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	3.64	N/A	3.87	N/A

Competitive Comparison of Ashok Leyland's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.

Ashok Leyland's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's Debt-to-Equity distribution charts can be found below:

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

Ashok Leyland Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashok Leyland'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
	=	(114691	+	196918.3)	/	85539.3
	=	3.64

Ashok Leyland'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

Ashok Leyland (BOM:500477) 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.

Ashok Leyland Debt-to-Equity Related Terms

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Ashok Leyland (BOM:500477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ashok Leyland Ltd (BOM:500477) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASHOKLEY:India

Address

No. 1, Sardar Patel Road, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ashokleyland.com

Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue derived from commercial vehicle sales. Ashok Leyland organizes its business into two segments: Commercial vehicles and Financial Services. The company derives more than half of its consolidated revenue domestically.

Ashok Leyland (BOM:500477) Headlines

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