Taylormade Renewables (BOM:541228) Debt-to-Equity : 0.10 (As of Sep. 2023)

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What is Taylormade Renewables Debt-to-Equity?

Taylormade Renewables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹38.2 Mil. Taylormade Renewables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹9.1 Mil. Taylormade Renewables's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹484.5 Mil. Taylormade Renewables's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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 Taylormade Renewables's Debt-to-Equity or its related term are showing as below:

BOM:541228' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.22 Max: 8.67
Current: 0.1

During the past 11 years, the highest Debt-to-Equity Ratio of Taylormade Renewables was 8.67. The lowest was 0.00. And the median was 0.22.

BOM:541228's Debt-to-Equity is ranked better than
70.39% of 878 companies
in the Semiconductors industry
Industry Median: 0.27 vs BOM:541228: 0.10

Taylormade Renewables Debt-to-Equity Historical Data

The historical data trend for Taylormade Renewables'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.

Taylormade Renewables Debt-to-Equity Chart

Taylormade Renewables Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.20

0.23

0.20

0.16

Taylormade Renewables Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													0.24	0.20	0.21	0.16	0.10

Competitive Comparison of Taylormade Renewables's Debt-to-Equity

For the Solar subindustry, Taylormade Renewables'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.

Taylormade Renewables's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Taylormade Renewables's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Taylormade Renewables's Debt-to-Equity falls into.

Taylormade Renewables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taylormade Renewables'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
	=	(31.333	+	1.942)	/	206.204
	=	0.16

Taylormade Renewables's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(38.227	+	9.097)	/	484.47
	=	0.10

Taylormade Renewables (BOM:541228) 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.

Taylormade Renewables Debt-to-Equity Related Terms

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

Taylormade Renewables (BOM:541228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taylormade Renewables Ltd (BOM:541228) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

S.G. Road, 705, Shapath - II, Opposite Rajpath Club, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.trlindia.com

Taylormade Renewables Ltd is engaged in providing renewable energy solutions. The firm manufactures solar energy equipment. It offers Photovoltaics, Evacuated tubes, Panels, Air source heat pumps, Dish cookers, Dryers, Biomass gasfiers, Cookstoves, and other related products. It serves customers in India. The Company has the product TRL-RAIN developed for evaporation and condensation from Saline, Brackish, Chemical induced water, Waste Water produced from various industries like Oil & Gas, Textiles & Tanneries, Power Generation, Mining & Metals, Refining & Chemicals, etc.

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