Expo Gas Containers (BOM:526614) Debt-to-Equity : 1.93 (As of Mar. 2024)

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What is Expo Gas Containers Debt-to-Equity?

Expo Gas Containers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹389.2 Mil. Expo Gas Containers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹20.0 Mil. Expo Gas Containers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹211.9 Mil. Expo Gas Containers's debt to equity for the quarter that ended in Mar. 2024 was 1.93.

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 Expo Gas Containers's Debt-to-Equity or its related term are showing as below:

BOM:526614' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.46 Max: 2.04
Current: 1.93

During the past 13 years, the highest Debt-to-Equity Ratio of Expo Gas Containers was 2.04. The lowest was 1.04. And the median was 1.46.

BOM:526614's Debt-to-Equity is ranked worse than
89.28% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:526614: 1.93

Expo Gas Containers Debt-to-Equity Historical Data

The historical data trend for Expo Gas Containers'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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Expo Gas Containers Debt-to-Equity Chart

Expo Gas Containers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.57

1.86

1.84

2.04

1.93

Expo Gas Containers 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															2.04	N/A	1.79	N/A	1.93

Competitive Comparison of Expo Gas Containers's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Expo Gas Containers'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.

Expo Gas Containers's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Expo Gas Containers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Expo Gas Containers's Debt-to-Equity falls into.

Expo Gas Containers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Expo Gas Containers'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
	=	(389.187	+	20)	/	211.9
	=	1.93

Expo Gas Containers'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
	=	(389.187	+	20)	/	211.9
	=	1.93

Expo Gas Containers (BOM:526614) 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.

Expo Gas Containers Debt-to-Equity Related Terms

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

Expo Gas Containers (BOM:526614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Expo Gas Containers Ltd (BOM:526614) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

150, Sheriff Devji Street, Expo House, Mumbai, MH, IND, 400003

Website

https://www.expogas.com

Expo Gas Containers Ltd is engaged in manufacturing of Pressure Vessels, Columns, and Towers and is also involved in site engineering projects. It offers various products, which include pressure vessels, deaerators, column/towers, horton spheres, heat exchanges/reactors, project piping, fabrication and erection of structural equipment erection, and maintenance shut down revamp. The company also offers various services, which include heat exchangers, columns, installation of column trays and internals, and piping-inside battery limit.

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