Ranjeet Mechatronics (BOM:541945) Debt-to-Equity : 0.49 (As of Sep. 2024)

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What is Ranjeet Mechatronics Debt-to-Equity?

Ranjeet Mechatronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹85.8 Mil. Ranjeet Mechatronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹9.3 Mil. Ranjeet Mechatronics's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹196.2 Mil. Ranjeet Mechatronics's debt to equity for the quarter that ended in Sep. 2024 was 0.48.

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 Ranjeet Mechatronics's Debt-to-Equity or its related term are showing as below:

BOM:541945' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 1.04 Max: 8.56
Current: 0.49

During the past 11 years, the highest Debt-to-Equity Ratio of Ranjeet Mechatronics was 8.56. The lowest was 0.41. And the median was 1.04.

BOM:541945's Debt-to-Equity is ranked worse than
57.55% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs BOM:541945: 0.49

Ranjeet Mechatronics Debt-to-Equity Historical Data

The historical data trend for Ranjeet Mechatronics'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.

Ranjeet Mechatronics Debt-to-Equity Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.04

1.21

0.94

1.01

0.41

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial													0.79	1.01	0.97	0.41	0.49

Competitive Comparison of Ranjeet Mechatronics's Debt-to-Equity

For the Security & Protection Services subindustry, Ranjeet Mechatronics'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.

Ranjeet Mechatronics's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ranjeet Mechatronics's Debt-to-Equity distribution charts can be found below:

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

Ranjeet Mechatronics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ranjeet Mechatronics'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
	=	(83.854	+	0)	/	202.393
	=	0.41

Ranjeet Mechatronics's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(85.789	+	9.341)	/	196.165
	=	0.48

Ranjeet Mechatronics (BOM:541945) 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.

Ranjeet Mechatronics Debt-to-Equity Related Terms

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Ranjeet Mechatronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Anand Nagar Cross Road, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. Products and services offered by the company include pump, motor, engine, valves, fire fighting accessories and equipment, and others.

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