Lumax Industries (BOM:517206) Debt-to-Equity : N/A (As of Dec. 2024)

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What is Lumax Industries Debt-to-Equity?

Lumax Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Lumax Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Lumax Industries's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₹0 Mil.

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

BOM:517206' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.69 Max: 1.32
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Lumax Industries was 1.32. The lowest was 0.26. And the median was 0.69.

BOM:517206's Debt-to-Equity is ranked worse than
82.95% of 1185 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:517206: 1.32

Lumax Industries Debt-to-Equity Historical Data

The historical data trend for Lumax 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.

Lumax Industries Debt-to-Equity Chart

Lumax Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.78

0.74

0.82

0.74

1.08

Lumax Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.08	N/A	1.32	N/A

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

For the Auto Parts subindustry, Lumax 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.

Lumax Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lumax Industries's Debt-to-Equity distribution charts can be found below:

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

Lumax Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lumax 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
	=	(4510.855	+	2714.991)	/	6715.479
	=	1.08

Lumax Industries's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Lumax Industries (BOM:517206) 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.

Lumax Industries Debt-to-Equity Related Terms

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

Lumax Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lumax Industries Ltd (BOM:517206) » Definitions » Debt-to-Equity

Traded in Other Exchanges

LUMAXIND:India

Address

Plot No. - 878, Udyog Vihar, Phase - V, Gurugram, HR, IND, 122016

Website

https://www.lumaxworld.in

Lumax Industries Ltd is engaged in the business of manufacturing various types of Automotive lighting equipment for four wheelers and two wheeler applications in India .The Company's business activity falls within a single business segment which is manufacturing and trading of Automotive Components. It provides automotive lighting equipment that includes head lamps, tail lamps, sundry lamps, and auxiliary lamps. Geographically, the company caters its services to domestic and overseas market, of which a majority of revenue is derived within India.

Lumax Industries Headlines

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