Dolfin Rubbers (BOM:542013) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Dolfin Rubbers Debt-to-Equity?

Dolfin Rubbers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹120 Mil. Dolfin Rubbers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹26 Mil. Dolfin Rubbers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹283 Mil. Dolfin Rubbers's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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 Dolfin Rubbers's Debt-to-Equity or its related term are showing as below:

BOM:542013' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.5 Max: 0.73
Current: 0.52

During the past 11 years, the highest Debt-to-Equity Ratio of Dolfin Rubbers was 0.73. The lowest was 0.12. And the median was 0.50.

BOM:542013's Debt-to-Equity is ranked worse than
53.95% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:542013: 0.52

Dolfin Rubbers Debt-to-Equity Historical Data

The historical data trend for Dolfin Rubbers'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.

Dolfin Rubbers Debt-to-Equity Chart

Dolfin Rubbers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.25

0.56

0.48

0.53

0.52

Dolfin Rubbers Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	N/A	0.51	N/A	0.52

Competitive Comparison of Dolfin Rubbers's Debt-to-Equity

For the Auto Parts subindustry, Dolfin Rubbers'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.

Dolfin Rubbers's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Dolfin Rubbers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dolfin Rubbers'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
	=	(120.155	+	26.284)	/	282.766
	=	0.52

Dolfin Rubbers'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
	=	(120.155	+	26.284)	/	282.766
	=	0.52

Dolfin Rubbers (BOM:542013) 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.

Dolfin Rubbers Debt-to-Equity Related Terms

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

Dolfin Rubbers (BOM:542013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dolfin Rubbers Ltd (BOM:542013) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-A, Bhai Randhir Singh Nagar, Opposite Ramesh Eye Hospital, Ludhiana, PB, IND, 141012

Website

https://www.dolfintyres.com

Dolfin Rubbers Ltd The Company is mainly engaged in Manufacturing Rubber Tyres and Tubes, so the Management considers this the only business segment of the Company. The company's main business is in India. Based on its vehicle types, the tire market can be segmented into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers and three-wheelers, and off-road, among others.

Dolfin Rubbers (BOM:542013) Headlines

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