Cospower Engineering (BOM:543172) Debt-to-Equity : 3.17 (As of Sep. 2023)

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What is Cospower Engineering Debt-to-Equity?

Cospower Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹54.7 Mil. Cospower Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹132.3 Mil. Cospower Engineering's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹59.1 Mil. Cospower Engineering's debt to equity for the quarter that ended in Sep. 2023 was 3.17.

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

BOM:543172' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 1.5 Max: 4.86
Current: 3.17

During the past 7 years, the highest Debt-to-Equity Ratio of Cospower Engineering was 4.86. The lowest was 0.44. And the median was 1.50.

BOM:543172's Debt-to-Equity is ranked worse than
97.9% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:543172: 3.17

Cospower Engineering Debt-to-Equity Historical Data

The historical data trend for Cospower 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.

Cospower Engineering Debt-to-Equity Chart

Cospower Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.48

0.44

0.93

1.50

2.47

Cospower Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							0.94	1.50	2.38	2.47	3.17

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

For the Electronic Components subindustry, Cospower 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.

Cospower Engineering's Debt-to-Equity Distribution in the Hardware Industry

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

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

Cospower Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cospower Engineering's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(53.177	+	122.34)	/	71.074
	=	2.47

Cospower Engineering's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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
	=	(54.697	+	132.277)	/	59.075
	=	3.17

Cospower Engineering (BOM:543172) 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.

Cospower Engineering Debt-to-Equity Related Terms

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

Cospower Engineering (BOM:543172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cospower Engineering Ltd (BOM:543172) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chincholi Bunder Road, 403, Chandra-Raj Building, Behind Vivanta Hospital, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.cel.net.in

Cospower Engineering Ltd is engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures. It provides turnkey services which involve supply, installation, commissioning, testing, and comprehensive maintenance of electric products. The company has extended its product range to other power-related products that are needed to complete the electrical system. It offers under one roof a complete package of electrical systems and solutions. Its business comprises of manufacturing and supplying of re-active power compensation systems, harmonic filters, and other engineering goods.

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