Enkei Wheels (India) (BOM:533477) Debt-to-Equity : 0.79 (As of Jun. 2024)

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What is Enkei Wheels (India) Debt-to-Equity?

Enkei Wheels (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹682 Mil. Enkei Wheels (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹1,232 Mil. Enkei Wheels (India)'s Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹2,435 Mil. Enkei Wheels (India)'s debt to equity for the quarter that ended in Jun. 2024 was 0.79.

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 Enkei Wheels (India)'s Debt-to-Equity or its related term are showing as below:

BOM:533477' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.9 Max: 4.97
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Enkei Wheels (India) was 4.97. The lowest was 0.61. And the median was 0.90.

BOM:533477's Debt-to-Equity is ranked worse than
67.28% of 1186 companies
in the Vehicles & Parts industry
Industry Median: 0.465 vs BOM:533477: 0.79

Enkei Wheels (India) Debt-to-Equity Historical Data

The historical data trend for Enkei Wheels (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.

Enkei Wheels (India) Debt-to-Equity Chart

Enkei Wheels (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.66

0.97

0.90

0.73

0.72

Enkei Wheels (India) Quarterly Data
	Jun19	Sep19	Dec19	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															0.89	N/A	0.72	N/A	0.79

Competitive Comparison of Enkei Wheels (India)'s Debt-to-Equity

For the Auto Parts subindustry, Enkei Wheels (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.

Enkei Wheels (India)'s Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Enkei Wheels (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Enkei Wheels (India)'s Debt-to-Equity falls into.

Enkei Wheels (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enkei Wheels (India)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(537.44	+	1129.13)	/	2332.41
	=	0.71

Enkei Wheels (India)'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
	=	(681.86	+	1232.06)	/	2434.6
	=	0.79

Enkei Wheels (India) (BOM:533477) 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.

Enkei Wheels (India) Debt-to-Equity Related Terms

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Enkei Wheels (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Enkei Wheels (India) Ltd (BOM:533477) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 1425, Village Shikrapur, Taluka Shirur, Pune, IND, 412208

Website

http://www.enkei.in

Enkei Wheels (India) Ltd is involved in the manufacturing of aluminum alloy casting wheels for two-wheelers as well as four-wheelers. The company only operating business segment that is Automotive Wheels. It sells its product in two forms that are manufactured goods; which consist of wheels for two and four-wheeler vehicles, and traded goods; which include wheels for four-wheelers and accessories.

Enkei Wheels (India) Headlines

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