Polycab India (BOM:542652) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Polycab India Debt-to-Equity?

Polycab India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,140 Mil. Polycab India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹471 Mil. Polycab India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹81,871 Mil. Polycab India's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Polycab India's Debt-to-Equity or its related term are showing as below:

BOM:542652' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.45
Current: 0.02

During the past 9 years, the highest Debt-to-Equity Ratio of Polycab India was 0.45. The lowest was 0.02. And the median was 0.06.

BOM:542652's Debt-to-Equity is ranked better than
93.91% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:542652: 0.02

Polycab India Debt-to-Equity Historical Data

The historical data trend for Polycab India'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.

Polycab India Debt-to-Equity Chart

Polycab India Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.06

0.02

0.03

0.02

Polycab India 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															0.03	0.04	0.03	N/A	0.02

Competitive Comparison of Polycab India's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Polycab India'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.

Polycab India's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polycab India's Debt-to-Equity distribution charts can be found below:

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

Polycab India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Polycab India'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
	=	(1139.93	+	471)	/	81871.34
	=	0.02

Polycab India'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
	=	(1139.93	+	471)	/	81871.34
	=	0.02

Polycab India (BOM:542652) 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.

Polycab India Debt-to-Equity Related Terms

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

Polycab India (BOM:542652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polycab India Ltd (BOM:542652) » Definitions » Debt-to-Equity

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POLYCAB:India

Address

No. 29, Senapati Bapat Marg, Tulsi Pipe Road, The Ruby, 21st Floor, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.polycab.com

Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and Others segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.

Polycab India (BOM:542652) Headlines

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