Investment & Precision Castings (BOM:504786) Debt-to-Equity : 0.87 (As of Mar. 2024)

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What is Investment & Precision Castings Debt-to-Equity?

Investment & Precision Castings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹620 Mil. Investment & Precision Castings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹123 Mil. Investment & Precision Castings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹857 Mil. Investment & Precision Castings's debt to equity for the quarter that ended in Mar. 2024 was 0.87.

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 Investment & Precision Castings's Debt-to-Equity or its related term are showing as below:

BOM:504786' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.78 Max: 0.91
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Investment & Precision Castings was 0.91. The lowest was 0.52. And the median was 0.78.

BOM:504786's Debt-to-Equity is ranked worse than
75.77% of 553 companies
in the Steel industry
Industry Median: 0.43 vs BOM:504786: 0.87

Investment & Precision Castings Debt-to-Equity Historical Data

The historical data trend for Investment & Precision Castings'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.

Investment & Precision Castings Debt-to-Equity Chart

Investment & Precision Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.80

0.91

0.89

0.83

0.87

Investment & Precision Castings 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															0.83	N/A	0.84	N/A	0.87

Competitive Comparison of Investment & Precision Castings's Debt-to-Equity

For the Steel subindustry, Investment & Precision Castings'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.

Investment & Precision Castings's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Investment & Precision Castings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Investment & Precision Castings's Debt-to-Equity falls into.

Investment & Precision Castings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Investment & Precision Castings'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
	=	(619.597	+	122.799)	/	856.596
	=	0.87

Investment & Precision Castings'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
	=	(619.597	+	122.799)	/	856.596
	=	0.87

Investment & Precision Castings (BOM:504786) 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.

Investment & Precision Castings Debt-to-Equity Related Terms

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

Investment & Precision Castings (BOM:504786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Investment & Precision Castings Ltd (BOM:504786) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Nari Road, Bhavnagar, GJ, IND, 364006

Website

https://www.ipcl.in

Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Wind Mill. The majority of the firm's revenue comes from the Investment Castings segment.

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