Inox Wind Energy (BOM:543297) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Inox Wind Energy Debt-to-Equity?

Inox Wind Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹17,671 Mil. Inox Wind Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,114 Mil. Inox Wind Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹18,523 Mil. Inox Wind Energy's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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 Inox Wind Energy's Debt-to-Equity or its related term are showing as below:

BOM:543297' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.81 Max: 2.18
Current: 1.12

During the past 8 years, the highest Debt-to-Equity Ratio of Inox Wind Energy was 2.18. The lowest was 0.53. And the median was 0.81.

BOM:543297's Debt-to-Equity is ranked worse than
88.83% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:543297: 1.12

Inox Wind Energy Debt-to-Equity Historical Data

The historical data trend for Inox Wind Energy'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.

Inox Wind Energy Debt-to-Equity Chart

Inox Wind Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.67

0.85

1.19

2.18

1.12

Inox Wind Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.18	1.85	N/A	1.12

Competitive Comparison of Inox Wind Energy's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Inox Wind Energy'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.

Inox Wind Energy's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Inox Wind Energy's Debt-to-Equity falls into.

Inox Wind Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Inox Wind Energy'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
	=	(17671.4	+	3113.6)	/	18522.7
	=	1.12

Inox Wind Energy'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
	=	(17671.4	+	3113.6)	/	18522.7
	=	1.12

Inox Wind Energy (BOM:543297) 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.

Inox Wind Energy Debt-to-Equity Related Terms

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Inox Wind Energy (BOM:543297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Energy Ltd (BOM:543297) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IWEL:India

Address

INOX Towers, Plot No. 17, Sector 16A, Noida, UP, IND, 201301

Website

https://www.inoxwind.com

Inox Wind Energy Ltd is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs). It also provides Erection, Procurement and Commissioning, Operations and Maintenance and Common Infrastructure Facilities services for WTGs and wind farm development services. The area of operations of the company is within India. The company generates revenue from the sale of goods, and services.

Inox Wind Energy (BOM:543297) Headlines

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