Pennar Industries (BOM:513228) Debt-to-Equity : 0.90 (As of Mar. 2024)

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What is Pennar Industries Debt-to-Equity?

Pennar Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,162 Mil. Pennar Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,693 Mil. Pennar Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8,765 Mil. Pennar Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.90.

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 Pennar Industries's Debt-to-Equity or its related term are showing as below:

BOM:513228' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.68 Max: 0.9
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Pennar Industries was 0.90. The lowest was 0.45. And the median was 0.68.

BOM:513228's Debt-to-Equity is ranked worse than
84.37% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:513228: 0.90

Pennar Industries Debt-to-Equity Historical Data

The historical data trend for Pennar Industries'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.

Pennar Industries Debt-to-Equity Chart

Pennar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.70

0.89

0.88

0.90

Pennar Industries 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															0.88	N/A	0.89	N/A	0.90

Competitive Comparison of Pennar Industries's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Pennar Industries'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.

Pennar Industries's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Pennar Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pennar Industries'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
	=	(6162.3	+	1692.5)	/	8765
	=	0.90

Pennar Industries'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
	=	(6162.3	+	1692.5)	/	8765
	=	0.90

Pennar Industries (BOM:513228) 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.

Pennar Industries Debt-to-Equity Related Terms

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

Pennar Industries (BOM:513228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pennar Industries Ltd (BOM:513228) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PENIND:India

Address

DHFLVC Silicon Towers, Kondapur, Floor Number 3, Hyderabad, TG, IND, 500084

Website

https://www.pennarindia.com

Pennar Industries Ltd provides engineering products and services. The company's operating segment includes Diversified Engineering and Custom designed building solutions and auxiliaries. It generates maximum revenue from Diversified Engineering segment. Geographically, it derives a majority of revenue from India. The company serves Infrastructure, Automobiles, Power, General Engineering, Building and Construction, Refineries, and other sectors. Its product portfolio includes Cold Rolled Steel Strips, Precision Tubes, Railway wagons/Coaches, Pre-Engineered Building Systems, Solar module mounting structures, and Photo Voltaic panels, Sheet Metal Components, Hydraulic Cylinders, Road Safety Systems, Water and Sewage treatment solutions, and Desalination projects.

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