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ZF Commercial Vehicle Control Systems India (BOM:533023) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is ZF Commercial Vehicle Control Systems India Debt-to-Equity?

ZF Commercial Vehicle Control Systems India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹71 Mil. ZF Commercial Vehicle Control Systems India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹613 Mil. ZF Commercial Vehicle Control Systems India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹27,903 Mil. ZF Commercial Vehicle Control Systems India's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 ZF Commercial Vehicle Control Systems India's Debt-to-Equity or its related term are showing as below:

BOM:533023' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of ZF Commercial Vehicle Control Systems India was 0.03. The lowest was 0.00. And the median was 0.01.

BOM:533023's Debt-to-Equity is ranked better than
94.99% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:533023: 0.03

ZF Commercial Vehicle Control Systems India Debt-to-Equity Historical Data

The historical data trend for ZF Commercial Vehicle Control Systems India'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.

ZF Commercial Vehicle Control Systems India Debt-to-Equity Chart

ZF Commercial Vehicle Control Systems India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 - 0.03 0.03

ZF Commercial Vehicle Control Systems India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 N/A 0.03 N/A 0.03

Competitive Comparison of ZF Commercial Vehicle Control Systems India's Debt-to-Equity

For the Auto Parts subindustry, ZF Commercial Vehicle Control Systems India'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.


ZF Commercial Vehicle Control Systems India's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Commercial Vehicle Control Systems India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZF Commercial Vehicle Control Systems India's Debt-to-Equity falls into.



ZF Commercial Vehicle Control Systems India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZF Commercial Vehicle Control Systems India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

ZF Commercial Vehicle Control Systems India's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


ZF Commercial Vehicle Control Systems India  (BOM:533023) 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.


ZF Commercial Vehicle Control Systems India Debt-to-Equity Related Terms

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ZF Commercial Vehicle Control Systems India (BOM:533023) Business Description

Traded in Other Exchanges
Address
Plot No. 3 (SP), III Main Road, Ambattur Industrial Estate, Chennai, TN, IND, 600058
ZF Commercial Vehicle Control Systems India Ltd is a supplier of technologies and services that improve commercial vehicle safety, efficiency, and connectivity. It offers conventional braking products, advanced braking systems, and other related air-assisted products and systems, such as air suspension and driveline controls.

ZF Commercial Vehicle Control Systems India (BOM:533023) Headlines

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