Rama Steel Tubes (BOM:539309) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Rama Steel Tubes Debt-to-Equity?

Rama Steel Tubes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Rama Steel Tubes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Rama Steel Tubes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Rama Steel Tubes's Debt-to-Equity or its related term are showing as below:

BOM:539309' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.91 Max: 3.06
Current: 0.46

During the past 9 years, the highest Debt-to-Equity Ratio of Rama Steel Tubes was 3.06. The lowest was 0.46. And the median was 0.91.

BOM:539309's Debt-to-Equity is ranked worse than
53.86% of 557 companies
in the Steel industry
Industry Median: 0.42 vs BOM:539309: 0.46

Rama Steel Tubes Debt-to-Equity Historical Data

The historical data trend for Rama Steel Tubes'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.

Rama Steel Tubes Debt-to-Equity Chart

Rama Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.03

0.95

0.86

1.09

0.77

Rama Steel Tubes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.77	N/A	0.46	N/A

Competitive Comparison of Rama Steel Tubes's Debt-to-Equity

For the Steel subindustry, Rama Steel Tubes'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.

Rama Steel Tubes's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Rama Steel Tubes's Debt-to-Equity falls into.

Rama Steel Tubes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rama Steel Tubes's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1608.006	+	319.828)	/	2501.15
	=	0.77

Rama Steel Tubes's Debt to Equity Ratio for the quarter 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
	=	(0	+	0)	/	0
	=	N/A

Rama Steel Tubes (BOM:539309) 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.

Rama Steel Tubes Debt-to-Equity Related Terms

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Rama Steel Tubes (BOM:539309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rama Steel Tubes Ltd (BOM:539309) » Definitions » Debt-to-Equity

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RAMASTEEL:India

Address

Main Road, B-5, 3rd Floor, Ghazipur, New Delhi, IND, 110096

Website

https://www.ramasteel.com

Rama Steel Tubes Ltd is a manufacturer and exporter of steel pipes, steel tubes, galvanized pipes, fence pipes, electrical conduit pipes, scaffolding fittings, hollow section, square steel pipes, and square steel tubes. The firm's only segment is the manufacturing and trading of Steel Tubes Pipes and Steel allied products. It also manufactures and exports hollow section for the automobile industry, including highway and street lighting poles, as well as traffic signal poles. It operates its business across the world and generates its revenues from India.

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