Solitaire Machine Tools (BOM:522152) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Solitaire Machine Tools Debt-to-Equity?

Solitaire Machine Tools's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4.2 Mil. Solitaire Machine Tools's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹16.2 Mil. Solitaire Machine Tools's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹180.4 Mil. Solitaire Machine Tools's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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 Solitaire Machine Tools's Debt-to-Equity or its related term are showing as below:

BOM:522152' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.11
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Solitaire Machine Tools was 0.11. The lowest was 0.00. And the median was 0.03.

BOM:522152's Debt-to-Equity is ranked better than
72.83% of 2624 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:522152: 0.11

Solitaire Machine Tools Debt-to-Equity Historical Data

The historical data trend for Solitaire Machine Tools'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.

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Solitaire Machine Tools Debt-to-Equity Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.11

Solitaire Machine Tools 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	-	N/A	0.11

Competitive Comparison of Solitaire Machine Tools's Debt-to-Equity

For the Tools & Accessories subindustry, Solitaire Machine Tools'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.

Solitaire Machine Tools's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Solitaire Machine Tools's Debt-to-Equity falls into.

Solitaire Machine Tools Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solitaire Machine Tools'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
	=	(4.151	+	16.197)	/	180.439
	=	0.11

Solitaire Machine Tools'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
	=	(4.151	+	16.197)	/	180.439
	=	0.11

Solitaire Machine Tools (BOM:522152) 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.

Solitaire Machine Tools Debt-to-Equity Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

Solitaire Machine Tools (BOM:522152) Headlines

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