Syrma SGS Technology (BOM:543573) Debt-to-Equity : 0.39 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Syrma SGS Technology Debt-to-Equity?

Syrma SGS Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,188 Mil. Syrma SGS Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,111 Mil. Syrma SGS Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹16,126 Mil. Syrma SGS Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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 Syrma SGS Technology's Debt-to-Equity or its related term are showing as below:

BOM:543573' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.27 Max: 0.39
Current: 0.39

During the past 5 years, the highest Debt-to-Equity Ratio of Syrma SGS Technology was 0.39. The lowest was 0.19. And the median was 0.27.

BOM:543573's Debt-to-Equity is ranked worse than
59.19% of 2188 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:543573: 0.39

Syrma SGS Technology Debt-to-Equity Historical Data

The historical data trend for Syrma SGS Technology'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.

Syrma SGS Technology Debt-to-Equity Chart

Syrma SGS Technology Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.27

0.19

0.38

0.24

0.39

Syrma SGS Technology Quarterly Data
	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.24	N/A	0.30	N/A	0.39

Competitive Comparison of Syrma SGS Technology's Debt-to-Equity

For the Electronic Components subindustry, Syrma SGS Technology'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.

Syrma SGS Technology's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Syrma SGS Technology's Debt-to-Equity falls into.

Syrma SGS Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syrma SGS Technology'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
	=	(5187.81	+	1111.07)	/	16126.08
	=	0.39

Syrma SGS Technology'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
	=	(5187.81	+	1111.07)	/	16126.08
	=	0.39

Syrma SGS Technology (BOM:543573) 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.

Syrma SGS Technology Debt-to-Equity Related Terms

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

Syrma SGS Technology (BOM:543573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syrma SGS Technology Ltd (BOM:543573) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SYRMA:India

Address

MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045

Website

https://www.syrmasgs.com

Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

Syrma SGS Technology (BOM:543573) Headlines

No Headlines