Varroc Engineering (BOM:541578) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Varroc Engineering Debt-to-Equity?

Varroc Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,896 Mil. Varroc Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8,001 Mil. Varroc Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹14,970 Mil. Varroc Engineering's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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

BOM:541578' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.92 Max: 1.85
Current: 0.93

During the past 10 years, the highest Debt-to-Equity Ratio of Varroc Engineering was 1.85. The lowest was 0.42. And the median was 0.92.

BOM:541578's Debt-to-Equity is ranked worse than
72.05% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:541578: 0.93

Varroc Engineering Debt-to-Equity Historical Data

The historical data trend for Varroc 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.

Varroc Engineering Debt-to-Equity Chart

Varroc Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.42

1.22

0.82

1.85

0.93

Varroc 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															1.85	N/A	1.39	N/A	0.93

Competitive Comparison of Varroc Engineering's Debt-to-Equity

For the Auto Parts subindustry, Varroc 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.

Varroc Engineering's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Varroc Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Varroc 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
	=	(5896.12	+	8001.07)	/	14970.37
	=	0.93

Varroc 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
	=	(5896.12	+	8001.07)	/	14970.37
	=	0.93

Varroc Engineering (BOM:541578) 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.

Varroc Engineering Debt-to-Equity Related Terms

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

Varroc Engineering (BOM:541578) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Varroc Engineering Ltd (BOM:541578) » Definitions » Debt-to-Equity

Traded in Other Exchanges

VARROC:India

Address

Plot No. L-4, MIDC Industrial Area, Waluj, Aurangabad, MH, IND, 431136

Website

https://www.varroc.com

Varroc Engineering Ltd is an India based company engaged in manufacturing and supplying components and subassemblies for automobile, consumer durable, and white goods industries. The company's operating segment includes Automotive and Others. It generates maximum revenue from the Automotive segment. The company also designs, manufactures, and supply exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to a passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle. Geographically, it derives a majority of revenue from Europe and also has a presence in the Asia Pacific; North America, and Other Countries.

Varroc Engineering (BOM:541578) Headlines

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