Ashirwad Steels & Industries (BOM:526847) Debt-to-Equity : N/A (As of Jun. 2024)

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What is Ashirwad Steels & Industries Debt-to-Equity?

Ashirwad Steels & Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.00 Mil. Ashirwad Steels & Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.00 Mil. Ashirwad Steels & Industries's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹0.00 Mil.

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 Ashirwad Steels & Industries's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Ashirwad Steels & Industries was 0.04. The lowest was 0.00. And the median was 0.02.

BOM:526847's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Ashirwad Steels & Industries Debt-to-Equity Historical Data

The historical data trend for Ashirwad Steels & Industries'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.

Ashirwad Steels & Industries Debt-to-Equity Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.04

Ashirwad Steels & Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-	N/A	-	N/A

Competitive Comparison of Ashirwad Steels & Industries's Debt-to-Equity

For the Steel subindustry, Ashirwad Steels & Industries'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.

Ashirwad Steels & Industries's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ashirwad Steels & Industries's Debt-to-Equity falls into.

Ashirwad Steels & Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashirwad Steels & Industries'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
	=	(0	+	0)	/	808.494
	=	0.00

Ashirwad Steels & Industries's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	0
	=	N/A

Ashirwad Steels & Industries (BOM:526847) 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.

Ashirwad Steels & Industries Debt-to-Equity Related Terms

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Ashirwad Steels & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

Ashirwad Steels & Industries Headlines

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