Elgi Equipments (BOM:522074) Debt-to-Equity : 0.40 (As of Mar. 2024)

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What is Elgi Equipments Debt-to-Equity?

Elgi Equipments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,642 Mil. Elgi Equipments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹739 Mil. Elgi Equipments's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹16,111 Mil. Elgi Equipments's debt to equity for the quarter that ended in Mar. 2024 was 0.40.

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 Elgi Equipments's Debt-to-Equity or its related term are showing as below:

BOM:522074' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.42 Max: 0.72
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Elgi Equipments was 0.72. The lowest was 0.31. And the median was 0.42.

BOM:522074's Debt-to-Equity is ranked worse than
59.7% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:522074: 0.40

Elgi Equipments Debt-to-Equity Historical Data

The historical data trend for Elgi Equipments'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.

Elgi Equipments Debt-to-Equity Chart

Elgi Equipments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.58

0.53

0.42

0.40

Elgi Equipments 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															0.42	N/A	0.43	N/A	0.40

Competitive Comparison of Elgi Equipments's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Elgi Equipments'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.

Elgi Equipments's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Elgi Equipments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elgi Equipments'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
	=	(5641.62	+	738.94)	/	16110.8
	=	0.40

Elgi Equipments'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
	=	(5641.62	+	738.94)	/	16110.8
	=	0.40

Elgi Equipments (BOM:522074) 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.

Elgi Equipments Debt-to-Equity Related Terms

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

Elgi Equipments (BOM:522074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elgi Equipments Ltd (BOM:522074) » Definitions » Debt-to-Equity

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ELGIEQUIP:India

Address

Trichy Road, Elgi Industrial Complex III, Singanallur, Coimbatore, TN, IND, 641 005

Website

https://www.elgi.com

Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors and air accessories. Geographically, it derives a majority of its revenue is from India and also has a presence in the United States of America, Italy, Australia, and Other Countries. It serves Textiles; Manufacturing; Pharmaceutical; Agriculture and Mining. The company generates maximum revenue from the Air Compressors segment.

Elgi Equipments (BOM:522074) Headlines

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