Cubex Tubings (BOM:526027) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Cubex Tubings Debt-to-Equity?

Cubex Tubings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹149 Mil. Cubex Tubings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2 Mil. Cubex Tubings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹692 Mil. Cubex Tubings's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 Cubex Tubings's Debt-to-Equity or its related term are showing as below:

BOM:526027' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.22
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Cubex Tubings was 0.22. The lowest was 0.02. And the median was 0.10.

BOM:526027's Debt-to-Equity is ranked worse than
58.75% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:526027: 0.22

Cubex Tubings Debt-to-Equity Historical Data

The historical data trend for Cubex Tubings'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.

Cubex Tubings Debt-to-Equity Chart

Cubex Tubings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.09

0.02

0.16

0.20

0.22

Cubex Tubings 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															0.20	N/A	0.19	N/A	0.22

Competitive Comparison of Cubex Tubings's Debt-to-Equity

For the Copper subindustry, Cubex Tubings'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.

Cubex Tubings's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cubex Tubings's Debt-to-Equity distribution charts can be found below:

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

Cubex Tubings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cubex Tubings'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
	=	(148.938	+	1.755)	/	691.956
	=	0.22

Cubex Tubings'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
	=	(148.938	+	1.755)	/	691.956
	=	0.22

Cubex Tubings (BOM:526027) 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.

Cubex Tubings Debt-to-Equity Related Terms

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Cubex Tubings (BOM:526027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cubex Tubings Ltd (BOM:526027) » Definitions » Debt-to-Equity

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CUBEXTUB:India

Address

Sarojini Devi Road, 1-7-27 to 34, 2nd Floor, Shyam Towers, United Building Complex, Secunderabad, TG, IND, 500003

Website

https://www.cubextubings.com

Cubex Tubings Ltd is a producer of copper and copper-base alloy products. It manufactures seamless tubes, rods, strips, profiles, and wires of copper and copper-based alloys such as Cupronickel, admiralty Brass, and Aluminum Brass. The products are used by the industries such as Power plants, Power plant manufacturers, switchgear, Refineries, Furnace manufacturers, Sugar plants, Automobile, Electrical Equipment industries, and Shipbuilding. The company operates in only one segment which is Copper and copper alloy products.

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