Euro Ceramics (BOM:532823) Debt-to-Equity : -0.56 (As of Mar. 2019)

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What is Euro Ceramics Debt-to-Equity?

Euro Ceramics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was ₹2,997.8 Mil. Euro Ceramics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was ₹35.7 Mil. Euro Ceramics's Total Stockholders Equity for the quarter that ended in Mar. 2019 was ₹-5,448.0 Mil. Euro Ceramics's debt to equity for the quarter that ended in Mar. 2019 was -0.56.

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 Euro Ceramics's Debt-to-Equity or its related term are showing as below:

BOM:532823's Debt-to-Equity is not ranked ^*
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Euro Ceramics Debt-to-Equity Historical Data

The historical data trend for Euro Ceramics'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.

Euro Ceramics Debt-to-Equity Chart

Euro Ceramics Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Debt-to-Equity

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-0.27

-2.72

-4.35

-2.99

-0.56

Euro Ceramics Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19
Debt-to-Equity	Get a 7-Day Free Trial							-0.27	-2.72	-4.35	-2.99	-0.56

Competitive Comparison of Euro Ceramics's Debt-to-Equity

For the Building Products & Equipment subindustry, Euro Ceramics'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.

Euro Ceramics's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Euro Ceramics's Debt-to-Equity distribution charts can be found below:

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

Euro Ceramics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Euro Ceramics's Debt to Equity Ratio for the fiscal year that ended in Mar. 2019 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
	=	(2997.811	+	35.705)	/	-5448.031
	=	-0.56

Euro Ceramics's Debt to Equity Ratio for the quarter that ended in Mar. 2019 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
	=	(2997.811	+	35.705)	/	-5448.031
	=	-0.56

Euro Ceramics (BOM:532823) 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.

Euro Ceramics Debt-to-Equity Related Terms

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

Euro Ceramics (BOM:532823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Euro Ceramics Ltd (BOM:532823) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vallabhbhai Road, Opposite Railway Station, 208, 2nd Floor, Sangam Arcade, Vile Parle (West), Mumbai, IND, 400 056

Website

http://www.eurocl.com

Euro Ceramics Ltd is an India based company engaged in the manufacturing and sells of vitrified tiles. It operates in three business segments including Tiles Division, Aluminium Division, and Realty Division. The tiles division, which is the key revenue driver, manufactures products including vitrified tiles, composite marble, sanitary ware products, and bathroom tiles. The company holds a global market presence with the majority of the revenue generated from the Indian market.

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