Vardhman Special Steels (BOM:534392) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Vardhman Special Steels Debt-to-Equity?

Vardhman Special Steels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹690 Mil. Vardhman Special Steels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹147 Mil. Vardhman Special Steels's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹7,194 Mil. Vardhman Special Steels's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Vardhman Special Steels's Debt-to-Equity or its related term are showing as below:

BOM:534392' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.66 Max: 1.96
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Vardhman Special Steels was 1.96. The lowest was 0.12. And the median was 0.66.

BOM:534392's Debt-to-Equity is ranked better than
81.01% of 553 companies
in the Steel industry
Industry Median: 0.43 vs BOM:534392: 0.12

Vardhman Special Steels Debt-to-Equity Historical Data

The historical data trend for Vardhman Special Steels'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.

Vardhman Special Steels Debt-to-Equity Chart

Vardhman Special Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.64

0.42

0.29

0.22

0.12

Vardhman Special Steels 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															0.22	N/A	0.26	N/A	0.12

Competitive Comparison of Vardhman Special Steels's Debt-to-Equity

For the Steel subindustry, Vardhman Special Steels'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.

Vardhman Special Steels's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vardhman Special Steels's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vardhman Special Steels's Debt-to-Equity falls into.

Vardhman Special Steels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vardhman Special Steels'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
	=	(690.316	+	146.743)	/	7193.546
	=	0.12

Vardhman Special Steels'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
	=	(690.316	+	146.743)	/	7193.546
	=	0.12

Vardhman Special Steels (BOM:534392) 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.

Vardhman Special Steels Debt-to-Equity Related Terms

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Vardhman Special Steels (BOM:534392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vardhman Special Steels Ltd (BOM:534392) » Definitions » Debt-to-Equity

Comparable Companies

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VSSL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010

Website

https://www.vardhmansteel.com

Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India.

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