Andhra Cements (BOM:532141) Debt-to-Equity : 2.28 (As of Mar. 2024)

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What is Andhra Cements Debt-to-Equity?

Andhra Cements's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹388 Mil. Andhra Cements's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,365 Mil. Andhra Cements's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,968 Mil. Andhra Cements's debt to equity for the quarter that ended in Mar. 2024 was 2.28.

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 Andhra Cements's Debt-to-Equity or its related term are showing as below:

BOM:532141' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.32 Med: -1.42 Max: 23.72
Current: 2.28

During the past 13 years, the highest Debt-to-Equity Ratio of Andhra Cements was 23.72. The lowest was -14.32. And the median was -1.42.

BOM:532141's Debt-to-Equity is ranked worse than
96.64% of 357 companies
in the Building Materials industry
Industry Median: 0.38 vs BOM:532141: 2.28

Andhra Cements Debt-to-Equity Historical Data

The historical data trend for Andhra Cements'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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Andhra Cements Debt-to-Equity Chart

Andhra Cements Annual Data

Trend

Mar14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

-2.00

-1.42

-1.06

1.48

2.28

Andhra Cements 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															1.48	N/A	1.91	N/A	2.28

Competitive Comparison of Andhra Cements's Debt-to-Equity

For the Building Materials subindustry, Andhra Cements'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.

Andhra Cements's Debt-to-Equity Distribution in the Building Materials Industry

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

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

Andhra Cements Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Andhra Cements'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
	=	(388.4	+	6365.2)	/	2968.1
	=	2.28

Andhra Cements'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
	=	(388.4	+	6365.2)	/	2968.1
	=	2.28

Andhra Cements (BOM:532141) 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.

Andhra Cements Debt-to-Equity Related Terms

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Andhra Cements (BOM:532141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Andhra Cements Ltd (BOM:532141) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ACL:India

Address

Road No. 10, Plot No.111, Jubilee Hills, Hyderabad, TG, IND, 500033

Website

https://www.andhracements.com

Andhra Cements Ltd is an Indian company engaged in the manufacture and sale of cement and cement-related products. Its product includes Ordinary Portland cement, Portland cement, and Portland Slag cement. Geographically, it derives a majority of revenue from India.

Andhra Cements (BOM:532141) Headlines

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