Permanent Magnets (BOM:504132) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Permanent Magnets Debt-to-Equity?

Permanent Magnets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹62 Mil. Permanent Magnets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹183 Mil. Permanent Magnets's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,299 Mil. Permanent Magnets's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Permanent Magnets's Debt-to-Equity or its related term are showing as below:

BOM:504132' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: 1.69
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Permanent Magnets was 1.69. The lowest was 0.07. And the median was 0.22.

BOM:504132's Debt-to-Equity is ranked better than
61.46% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:504132: 0.19

Permanent Magnets Debt-to-Equity Historical Data

The historical data trend for Permanent Magnets'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.

Permanent Magnets Debt-to-Equity Chart

Permanent Magnets Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.14

0.08

0.07

0.19

Permanent Magnets 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															0.07	N/A	0.11	N/A	0.19

Competitive Comparison of Permanent Magnets's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Permanent Magnets'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.

Permanent Magnets's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Permanent Magnets's Debt-to-Equity distribution charts can be found below:

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

Permanent Magnets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Permanent Magnets'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
	=	(61.7	+	183)	/	1298.5
	=	0.19

Permanent Magnets'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
	=	(61.7	+	183)	/	1298.5
	=	0.19

Permanent Magnets (BOM:504132) 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.

Permanent Magnets Debt-to-Equity Related Terms

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

Permanent Magnets (BOM:504132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Permanent Magnets Ltd (BOM:504132) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot No. B-3, MIDC Industrial Area, Village Mira, Mira Road (East), Thane, MH, IND, 401107

Website

https://www.pmlindia.com

Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast magnets and parts and accessories for electricity meters and its application. The magnets are used in electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. Its product portfolio includes magnetic assemblies, shunts, brass terminals, magnetic separators, electromagnets, alnico magnets, and others. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. The company operates in one single segment which is Engineering and Current Sensing application.

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