SAR Auto Products (BOM:538992) Debt-to-Equity : 0.94 (As of Mar. 2024)

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What is SAR Auto Products Debt-to-Equity?

SAR Auto Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹151.8 Mil. SAR Auto Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹7.3 Mil. SAR Auto Products's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹168.9 Mil. SAR Auto Products's debt to equity for the quarter that ended in Mar. 2024 was 0.94.

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 SAR Auto Products's Debt-to-Equity or its related term are showing as below:

BOM:538992' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.94
Current: 0.94

During the past 11 years, the highest Debt-to-Equity Ratio of SAR Auto Products was 0.94. The lowest was 0.01. And the median was 0.08.

BOM:538992's Debt-to-Equity is ranked worse than
72.72% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:538992: 0.94

SAR Auto Products Debt-to-Equity Historical Data

The historical data trend for SAR Auto Products'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.

SAR Auto Products Debt-to-Equity Chart

SAR Auto Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.07

0.13

0.35

0.44

0.94

SAR Auto Products 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															0.44	N/A	0.52	N/A	0.94

Competitive Comparison of SAR Auto Products's Debt-to-Equity

For the Auto Parts subindustry, SAR Auto Products'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.

SAR Auto Products's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SAR Auto Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SAR Auto Products's Debt-to-Equity falls into.

SAR Auto Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SAR Auto Products'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
	=	(151.782	+	7.307)	/	168.858
	=	0.94

SAR Auto Products'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
	=	(151.782	+	7.307)	/	168.858
	=	0.94

SAR Auto Products (BOM:538992) 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.

SAR Auto Products Debt-to-Equity Related Terms

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

SAR Auto Products (BOM:538992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAR Auto Products Ltd (BOM:538992) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

50-E, Bhaktinagar Industrial Estate, Rajkot, GJ, IND, 360002

Website

https://www.sarautoproductsltd.com

SAR Auto Products Ltd is carrying on the business of manufacturing auto components. The company manufactures auto components comprising of automobile gears like a spur, helical, straight bevel, sprockets along with transmission spline shaft, couplings and power takeoff clutches which are used for transmission, engine, and differential gearboxes. It operates in the manufacturing segment. The company caters to both domestic and international markets.

SAR Auto Products (BOM:538992) Headlines

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