Menon Bearings (BOM:523828) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Menon Bearings Debt-to-Equity?

Menon Bearings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹143 Mil. Menon Bearings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹202 Mil. Menon Bearings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,449 Mil. Menon Bearings's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Menon Bearings's Debt-to-Equity or its related term are showing as below:

BOM:523828' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.31 Max: 0.5
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Menon Bearings was 0.50. The lowest was 0.11. And the median was 0.31.

BOM:523828's Debt-to-Equity is ranked better than
69.34% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:523828: 0.24

Menon Bearings Debt-to-Equity Historical Data

The historical data trend for Menon Bearings'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.

Menon Bearings Debt-to-Equity Chart

Menon Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.44

0.30

0.21

0.11

0.24

Menon Bearings 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															0.11	N/A	0.18	N/A	0.24

Competitive Comparison of Menon Bearings's Debt-to-Equity

For the Auto Parts subindustry, Menon Bearings'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.

Menon Bearings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Menon Bearings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Menon Bearings'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
	=	(142.999	+	201.972)	/	1449.038
	=	0.24

Menon Bearings'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
	=	(142.999	+	201.972)	/	1449.038
	=	0.24

Menon Bearings (BOM:523828) 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.

Menon Bearings Debt-to-Equity Related Terms

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

Menon Bearings (BOM:523828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Bearings Ltd (BOM:523828) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MENONBE:India

Address

G-1, MIDC, Gokul, Shirgaon, Kolhapur, MH, IND, 416 234

Website

https://www.menonbearings.in

Menon Bearings Ltd is engaged in the manufacturing of auto components. The company products include bi-metal Engine bearings, Bushes and Thrust Washers for light and heavy automobile engines, two-wheeler engines as well as compressors for refrigerators, air conditioners, and others. Its bearing products include bearings for connecting rods, flanged bearings, and tri-metal bearings. The thrust washers include washers with thrust face contours and ring-type thrust washers. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; rocker arms and rock shafts. It has one business segment namely Auto Components.

Menon Bearings (BOM:523828) Headlines

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