Uni Abex Alloy Products (BOM:504605) Debt-to-Equity : 0.10 (As of Sep. 2024)

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What is Uni Abex Alloy Products Debt-to-Equity?

Uni Abex Alloy Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹111 Mil. Uni Abex Alloy Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹16 Mil. Uni Abex Alloy Products's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,239 Mil. Uni Abex Alloy Products's debt to equity for the quarter that ended in Sep. 2024 was 0.10.

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 Uni Abex Alloy Products's Debt-to-Equity or its related term are showing as below:

BOM:504605' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.46 Max: 1.01
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Uni Abex Alloy Products was 1.01. The lowest was 0.08. And the median was 0.46.

BOM:504605's Debt-to-Equity is ranked better than
84.35% of 556 companies
in the Steel industry
Industry Median: 0.43 vs BOM:504605: 0.10

Uni Abex Alloy Products Debt-to-Equity Historical Data

The historical data trend for Uni Abex Alloy Products'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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Uni Abex Alloy Products Debt-to-Equity Chart

Uni Abex Alloy Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.44

0.18

0.17

Uni Abex Alloy Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	N/A	0.17	N/A	0.10

Competitive Comparison of Uni Abex Alloy Products's Debt-to-Equity

For the Steel subindustry, Uni Abex Alloy Products'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.

Uni Abex Alloy Products's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Uni Abex Alloy Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Uni Abex Alloy Products's Debt-to-Equity falls into.

Uni Abex Alloy Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Uni Abex Alloy Products'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
	=	(174.449	+	19.879)	/	1131.754
	=	0.17

Uni Abex Alloy Products's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(111.077	+	16.448)	/	1238.797
	=	0.10

Uni Abex Alloy Products (BOM:504605) 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.

Uni Abex Alloy Products Debt-to-Equity Related Terms

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Uni Abex Alloy Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Uni Abex Alloy Products Ltd (BOM:504605) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Sir Vithaldas Thackersey Marg, Liberty Building, Mumbai, MH, IND, 400020

Website

https://www.uniabex.com

Uni Abex Alloy Products Ltd is engaged in the manufacturing of steel castings and products. The company produces static, centrifugal castings and assemblies in heat and corrosion-resistant alloys. It offers products such as reformer tubes, harp assemblies, air injection tubes, feed tubes, bowl cylinders, Glendon coils, sink rolls, ring segments, radiant tubes, and cages. The company's product is used by various industries such as refinery, petrochemical and fertilizer, sponge iron, iron and steel, galvanizing plants, metal gasket, furnace, decanter, and valve manufacturers.

Uni Abex Alloy Products Headlines

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