Rolex Rings (BOM:543325) Debt-to-Equity : 0.05 (As of Sep. 2023)

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What is Rolex Rings Debt-to-Equity?

Rolex Rings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹404 Mil. Rolex Rings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil. Rolex Rings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹8,385 Mil. Rolex Rings's debt to equity for the quarter that ended in Sep. 2023 was 0.05.

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 Rolex Rings's Debt-to-Equity or its related term are showing as below:

BOM:543325' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.55 Max: 1.79
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Rolex Rings was 1.79. The lowest was 0.02. And the median was 0.55.

BOM:543325's Debt-to-Equity is ranked better than
93.94% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:543325: 0.02

Rolex Rings Debt-to-Equity Historical Data

The historical data trend for Rolex Rings'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.

Rolex Rings Debt-to-Equity Chart

Rolex Rings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.97

0.70

0.41

0.11

0.02

Rolex Rings Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.27	N/A	0.11	0.05	0.02

Competitive Comparison of Rolex Rings's Debt-to-Equity

For the Metal Fabrication subindustry, Rolex Rings'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.

Rolex Rings's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Rolex Rings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rolex Rings'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
	=	(180.54	+	0.11)	/	8981.84
	=	0.02

Rolex Rings'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
	=	(404.28	+	0.09)	/	8384.6
	=	0.05

Rolex Rings (BOM:543325) 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.

Rolex Rings Debt-to-Equity Related Terms

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

Rolex Rings (BOM:543325) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rolex Rings Ltd (BOM:543325) » Definitions » Debt-to-Equity

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ROLEXRINGS:India

Address

Gondal Road, Opposite Hotel Krishna Park, Near Kotharia Railway Crossing, Kotharia, Rajkot, GJ, IND, 360 004

Website

https://www.rolexrings.com

Rolex Rings Ltd is a manufacturer and supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles, industrial machinery, wind turbines and railways, amongst other segments.

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