Shri Keshav Cements & Infra (BOM:530977) Debt-to-Equity : 1.88 (As of Mar. 2024)

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What is Shri Keshav Cements & Infra Debt-to-Equity?

Shri Keshav Cements & Infra's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹277 Mil. Shri Keshav Cements & Infra's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,652 Mil. Shri Keshav Cements & Infra's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,025 Mil. Shri Keshav Cements & Infra's debt to equity for the quarter that ended in Mar. 2024 was 1.88.

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 Shri Keshav Cements & Infra's Debt-to-Equity or its related term are showing as below:

BOM:530977' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.88 Med: 5.6 Max: 286.3
Current: 1.88

During the past 13 years, the highest Debt-to-Equity Ratio of Shri Keshav Cements & Infra was 286.30. The lowest was 1.88. And the median was 5.60.

BOM:530977's Debt-to-Equity is ranked worse than
95.24% of 357 companies
in the Building Materials industry
Industry Median: 0.38 vs BOM:530977: 1.88

Shri Keshav Cements & Infra Debt-to-Equity Historical Data

The historical data trend for Shri Keshav Cements & Infra'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.

Shri Keshav Cements & Infra Debt-to-Equity Chart

Shri Keshav Cements & Infra Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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7.49

14.06

9.97

3.71

1.88

Shri Keshav Cements & Infra 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															3.71	N/A	2.32	N/A	1.88

Competitive Comparison of Shri Keshav Cements & Infra's Debt-to-Equity

For the Building Materials subindustry, Shri Keshav Cements & Infra'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.

Shri Keshav Cements & Infra's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shri Keshav Cements & Infra's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shri Keshav Cements & Infra's Debt-to-Equity falls into.

Shri Keshav Cements & Infra Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shri Keshav Cements & Infra'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
	=	(276.859	+	1652.295)	/	1024.741
	=	1.88

Shri Keshav Cements & Infra'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
	=	(276.859	+	1652.295)	/	1024.741
	=	1.88

Shri Keshav Cements & Infra (BOM:530977) 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.

Shri Keshav Cements & Infra Debt-to-Equity Related Terms

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Shri Keshav Cements & Infra (BOM:530977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shri Keshav Cements & Infra Ltd (BOM:530977) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

215/2, Jyoti Tower, Karbhar Galli, Nazar Camp, 6th Cross, Madhavpur Vadgaon, Belgaum, KA, IND, 590005

Website

https://www.keshavcement.com

Shri Keshav Cements & Infra Ltd is an Indian cement and cement products manufacturing company. It is engaged in the manufacture and sale of cement in Karnataka, Goa, and Maharashtra. Its segments include manufacturing and trading in cement, trading in coal, dealers of petrol and diesel, and solar energy generation and sale. The company generates a majority of its revenue from manufacturing and trading in the cement segment.

Shri Keshav Cements & Infra (BOM:530977) Headlines

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