Benara Bearings and Pistons (BOM:541178) Debt-to-Equity : 3.30 (As of Mar. 2024)

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What is Benara Bearings and Pistons Debt-to-Equity?

Benara Bearings and Pistons's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹433.5 Mil. Benara Bearings and Pistons's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹174.1 Mil. Benara Bearings and Pistons's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹184.1 Mil. Benara Bearings and Pistons's debt to equity for the quarter that ended in Mar. 2024 was 3.30.

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 Benara Bearings and Pistons's Debt-to-Equity or its related term are showing as below:

BOM:541178' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.81 Max: 3.3
Current: 3.3

During the past 12 years, the highest Debt-to-Equity Ratio of Benara Bearings and Pistons was 3.30. The lowest was 0.69. And the median was 1.81.

BOM:541178's Debt-to-Equity is ranked worse than
96.52% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:541178: 3.30

Benara Bearings and Pistons Debt-to-Equity Historical Data

The historical data trend for Benara Bearings and Pistons'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.

Benara Bearings and Pistons Debt-to-Equity Chart

Benara Bearings and Pistons Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.87

1.37

2.15

2.88

3.30

Benara Bearings and Pistons Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												2.15	2.34	2.88	3.07	3.30

Competitive Comparison of Benara Bearings and Pistons's Debt-to-Equity

For the Auto Parts subindustry, Benara Bearings and Pistons'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.

Benara Bearings and Pistons's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Benara Bearings and Pistons's Debt-to-Equity falls into.

Benara Bearings and Pistons Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Benara Bearings and Pistons'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
	=	(433.523	+	174.103)	/	184.116
	=	3.30

Benara Bearings and Pistons'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
	=	(433.523	+	174.103)	/	184.116
	=	3.30

Benara Bearings and Pistons (BOM:541178) 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.

Benara Bearings and Pistons Debt-to-Equity Related Terms

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Benara Bearings and Pistons (BOM:541178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Benara Bearings and Pistons Ltd (BOM:541178) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-3 and A-4, Site B, UPSIDC Industrial Area, Sikandrabad, Agra, UP, IND, 282007

Website

https://www.benara-phb.com

Benara Bearings and Pistons Ltd is engaged in the manufacturing of bearings, bushes, pistons, piston pins, piston rings, cylinder liners sleeves, and engine valves. It is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, and valve seals and batteries. The majority of revenue is generated from the automobile segment.

Benara Bearings and Pistons (BOM:541178) Headlines

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