TGV Sraac (BOM:507753) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is TGV Sraac Debt-to-Equity?

TGV Sraac's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,255 Mil. TGV Sraac's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹939 Mil. TGV Sraac's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹10,958 Mil. TGV Sraac's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 TGV Sraac's Debt-to-Equity or its related term are showing as below:

BOM:507753' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.8 Max: 1.33
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of TGV Sraac was 1.33. The lowest was 0.22. And the median was 0.80.

BOM:507753's Debt-to-Equity is ranked better than
56.95% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:507753: 0.29

TGV Sraac Debt-to-Equity Historical Data

The historical data trend for TGV Sraac'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.

TGV Sraac Debt-to-Equity Chart

TGV Sraac Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.78

0.82

0.62

0.22

0.29

TGV Sraac 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															0.22	N/A	0.22	N/A	0.29

Competitive Comparison of TGV Sraac's Debt-to-Equity

For the Chemicals subindustry, TGV Sraac'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.

TGV Sraac's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, TGV Sraac's Debt-to-Equity distribution charts can be found below:

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

TGV Sraac Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGV Sraac'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
	=	(2254.9	+	938.7)	/	10957.9
	=	0.29

TGV Sraac'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
	=	(2254.9	+	938.7)	/	10957.9
	=	0.29

TGV Sraac (BOM:507753) 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.

TGV Sraac Debt-to-Equity Related Terms

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

TGV Sraac (BOM:507753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TGV Sraac Ltd (BOM:507753) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

40-304, Krishna Jyothsna Complex, 2nd Floor, Bhagya Nagar, Kurnool, AP, IND, 518 004

Website

http://www.tgvgroup.com

TGV Sraac Ltd operates in the chemical business. The company has two segments namely Chemicals, Oils and Fats. The Chemical segment includes Caustic Soda Lye/ Flakes, Chlorine, Hydrochloric Acid, Potassium Hydroxide Lye/ Flakes and chloromethanes. Whereas Oils and Fats segment products consist of Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Stearic Acid and Soap Noodles. It generates maximum revenue from the Chemicals segment.

TGV Sraac (BOM:507753) Headlines

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