Gensol Engineering (BOM:542851) Debt-to-Equity : 4.64 (As of Mar. 2024)

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What is Gensol Engineering Debt-to-Equity?

Gensol Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,727 Mil. Gensol Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9,369 Mil. Gensol Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹3,257 Mil. Gensol Engineering's debt to equity for the quarter that ended in Mar. 2024 was 4.63.

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

BOM:542851' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.52 Max: 4.64
Current: 4.64

During the past 8 years, the highest Debt-to-Equity Ratio of Gensol Engineering was 4.64. The lowest was 0.19. And the median was 0.52.

BOM:542851's Debt-to-Equity is ranked worse than
98.51% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs BOM:542851: 4.64

Gensol Engineering Debt-to-Equity Historical Data

The historical data trend for Gensol 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.

Gensol Engineering Debt-to-Equity Chart

Gensol Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.39

0.29

1.77

2.50

4.64

Gensol Engineering Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											2.50	N/A	3.13	N/A	4.64

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

For the Solar subindustry, Gensol 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.

Gensol Engineering's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Gensol Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gensol 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
	=	(5727.4	+	9368.8)	/	3257.1
	=	4.63

Gensol 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
	=	(5727.4	+	9368.8)	/	3257.1
	=	4.63

Gensol Engineering (BOM:542851) 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.

Gensol Engineering Debt-to-Equity Related Terms

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

Gensol Engineering (BOM:542851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gensol Engineering Ltd (BOM:542851) » Definitions » Debt-to-Equity

Traded in Other Exchanges

GENSOL:India

Address

Westgate Business Bay, Block - A, 15th FLoor, Makarba, Ahmedabad, GJ, IND, 380051

Website

https://www.gensol.in

Gensol Engineering Ltd is a renewable energy solutions provider focused on end to end solar engineering, procurement, and construction projects. It is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across various countries, including India.

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