Salem Erode Investments (BOM:540181) Debt-to-Equity : 0.87 (As of Jun. 2024)

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What is Salem Erode Investments Debt-to-Equity?

Salem Erode Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.00 Mil. Salem Erode Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹198.15 Mil. Salem Erode Investments's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹227.98 Mil. Salem Erode Investments's debt to equity for the quarter that ended in Jun. 2024 was 0.87.

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 Salem Erode Investments's Debt-to-Equity or its related term are showing as below:

BOM:540181' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.43 Max: 0.87
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Salem Erode Investments was 0.87. The lowest was 0.00. And the median was 0.43.

BOM:540181's Debt-to-Equity is ranked better than
58.37% of 442 companies
in the Credit Services industry
Industry Median: 1.205 vs BOM:540181: 0.87

Salem Erode Investments Debt-to-Equity Historical Data

The historical data trend for Salem Erode Investments'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.

Salem Erode Investments Debt-to-Equity Chart

Salem Erode Investments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

0.44

0.45

0.83

Salem Erode Investments Quarterly Data
	Sep19	Dec19	Mar20	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															0.42	0.43	0.37	0.83	0.87

Competitive Comparison of Salem Erode Investments's Debt-to-Equity

For the Credit Services subindustry, Salem Erode Investments'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.

Salem Erode Investments's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Salem Erode Investments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Salem Erode Investments's Debt-to-Equity falls into.

Salem Erode Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Salem Erode Investments'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
	=	(67.69	+	132.818)	/	240.802
	=	0.83

Salem Erode Investments'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
	=	(0	+	198.154)	/	227.98
	=	0.87

Salem Erode Investments (BOM:540181) 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.

Salem Erode Investments Debt-to-Equity Related Terms

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

Salem Erode Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Salem Erode Investments Ltd (BOM:540181) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Irinjalakuda Main Road, V. K. K. Building, Thrissur, KL, IND, 680121

Website

https://www.salemerode.com

Salem Erode Investments Ltd is engaged in the lending and investment business in India. It is a finance company that helps to secure the future financially and helps in the financial crisis. The company invests in listed and unlisted equity shares, debt instruments of companies in a wide range of industries, and mutual funds. It also lends money with or without security. The company generates revenue from interest income and dividends.

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