Salasar Techno Engineering (BOM:540642) Debt-to-Equity : 0.78 (As of Mar. 2024)

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What is Salasar Techno Engineering Debt-to-Equity?

Salasar Techno Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,093 Mil. Salasar Techno Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹407 Mil. Salasar Techno Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,503 Mil. Salasar Techno Engineering's debt to equity for the quarter that ended in Mar. 2024 was 0.78.

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 Salasar Techno Engineering's Debt-to-Equity or its related term are showing as below:

BOM:540642' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 0.78 Max: 1.17
Current: 0.78

During the past 12 years, the highest Debt-to-Equity Ratio of Salasar Techno Engineering was 1.17. The lowest was 0.68. And the median was 0.78.

BOM:540642's Debt-to-Equity is ranked worse than
71.61% of 553 companies
in the Steel industry
Industry Median: 0.43 vs BOM:540642: 0.78

Salasar Techno Engineering Debt-to-Equity Historical Data

The historical data trend for Salasar Techno Engineering'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.

Salasar Techno Engineering Debt-to-Equity Chart

Salasar Techno Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.80

0.79

0.88

0.68

0.78

Salasar Techno Engineering 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															0.68	N/A	0.83	N/A	0.78

Competitive Comparison of Salasar Techno Engineering's Debt-to-Equity

For the Steel subindustry, Salasar Techno Engineering'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.

Salasar Techno Engineering's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Salasar Techno Engineering's Debt-to-Equity falls into.

Salasar Techno Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Salasar Techno Engineering'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
	=	(3093.111	+	407.354)	/	4503.057
	=	0.78

Salasar Techno Engineering'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
	=	(3093.111	+	407.354)	/	4503.057
	=	0.78

Salasar Techno Engineering (BOM:540642) 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.

Salasar Techno Engineering Debt-to-Equity Related Terms

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

Salasar Techno Engineering (BOM:540642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salasar Techno Engineering Ltd (BOM:540642) » Definitions » Debt-to-Equity

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SALASAR:India

Address

E-20, South Extension I, New Delhi, IND, 110049

Website

https://www.salasartechno.com

Salasar Techno Engineering Ltd is engaged in the manufacturing of galvanized M.S. steel structures and related activities. It is engaged in the manufacturing and fabrication of steel structures for Telecom Towers, Transmission Towers, Utilities Poles, High Mast Poles, Stadium Lighting Poles, Flag Poles, and Smart City Poles Substations Structures, Railway Electrification (OHE), and Solar Module Mounting Structures. The Firm has two reportable segments namely, Steel structure, which derives majority of revenue and comprises manufacturing and sale of Galvanized and Non-galvanized Steel Structures including Telecom Towers, Transmission Line Towers, and Solar Panels; and EPC projects, which comprise survey, supply of materials, design, erection, testing and commissioning on a trunkey basis.

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