Coastal Roadways (BOM:520131) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Coastal Roadways Debt-to-Equity?

Coastal Roadways's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2.0 Mil. Coastal Roadways's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1.4 Mil. Coastal Roadways's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹205.8 Mil. Coastal Roadways's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Coastal Roadways's Debt-to-Equity or its related term are showing as below:

BOM:520131' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.31 Max: 0.55
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Coastal Roadways was 0.55. The lowest was 0.02. And the median was 0.31.

BOM:520131's Debt-to-Equity is ranked better than
98.87% of 884 companies
in the Transportation industry
Industry Median: 0.55 vs BOM:520131: 0.02

Coastal Roadways Debt-to-Equity Historical Data

The historical data trend for Coastal Roadways'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.

Coastal Roadways Debt-to-Equity Chart

Coastal Roadways Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.30

0.07

0.06

0.03

0.02

Coastal Roadways 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															0.03	N/A	0.02	N/A	0.02

Competitive Comparison of Coastal Roadways's Debt-to-Equity

For the Trucking subindustry, Coastal Roadways'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.

Coastal Roadways's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Coastal Roadways's Debt-to-Equity distribution charts can be found below:

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

Coastal Roadways Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coastal Roadways'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
	=	(2	+	1.4)	/	205.8
	=	0.02

Coastal Roadways'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
	=	(2	+	1.4)	/	205.8
	=	0.02

Coastal Roadways (BOM:520131) 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.

Coastal Roadways Debt-to-Equity Related Terms

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

Coastal Roadways (BOM:520131) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Coastal Roadways Ltd (BOM:520131) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/1, Camac Street, 5th Floor, Kolkata, WB, IND, 700016

Website

http://www.coastalroadways.com

Coastal Roadways Ltd is engaged in providing road transportation and logistics services. Its services include full truckload, part loads, containerized vehicles, over-dimensional cargo, warehousing, multimodal transportation, end-to-end solution, carrying and forwarding services. The company's segment includes Freight and Supply Chain Solutions. It generates maximum revenue from the Freight segment.

Coastal Roadways (BOM:520131) Headlines

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