Blue Dart Express (BOM:526612) Debt-to-Equity : 0.79 (As of Mar. 2024)

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What is Blue Dart Express Debt-to-Equity?

Blue Dart Express's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,725 Mil. Blue Dart Express's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,005 Mil. Blue Dart Express's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹13,673 Mil. Blue Dart Express's debt to equity for the quarter that ended in Mar. 2024 was 0.78.

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 Blue Dart Express's Debt-to-Equity or its related term are showing as below:

BOM:526612' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.09 Max: 2.98
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Blue Dart Express was 2.98. The lowest was 0.78. And the median was 1.09.

BOM:526612's Debt-to-Equity is ranked worse than
61.11% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs BOM:526612: 0.79

Blue Dart Express Debt-to-Equity Historical Data

The historical data trend for Blue Dart Express'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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Blue Dart Express Debt-to-Equity Chart

Blue Dart Express Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.98

2.57

1.22

0.95

0.79

Blue Dart Express 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															0.95	N/A	0.90	N/A	0.79

Competitive Comparison of Blue Dart Express's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Blue Dart Express'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.

Blue Dart Express's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Blue Dart Express's Debt-to-Equity falls into.

Blue Dart Express Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Dart Express'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
	=	(4724.7	+	6004.8)	/	13672.7
	=	0.78

Blue Dart Express'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
	=	(4724.7	+	6004.8)	/	13672.7
	=	0.78

Blue Dart Express (BOM:526612) 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.

Blue Dart Express Debt-to-Equity Related Terms

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Blue Dart Express (BOM:526612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blue Dart Express Ltd (BOM:526612) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

BLUEDART:India

Address

Sahar Airport Road, Blue Dart Centre, Andheri (East), Mumbai, MH, IND, 400 099

Website

https://www.bluedart.com

Blue Dart Express Ltd is a courier and package delivery company which focuses on express delivery using air and ground transportation in India. The company is headquartered in India, and generates all revenue domestically. Blue Dart Express operates through a single segment, and provides integrated air and ground transportation to distribute packages to various destinations within India. The company also operates and maintains aircraft for the purpose of package delivery.

Blue Dart Express (BOM:526612) Headlines

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