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Containe Technologies (BOM:543606) Debt-to-Equity : 0.72 (As of Mar. 2024)


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What is Containe Technologies Debt-to-Equity?

Containe Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹22.1 Mil. Containe Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹46.8 Mil. Containe Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹95.2 Mil. Containe Technologies's debt to equity for the quarter that ended in Mar. 2024 was 0.72.

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 Containe Technologies's Debt-to-Equity or its related term are showing as below:

BOM:543606' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5   Med: 0.72   Max: 4.91
Current: 0.72

During the past 5 years, the highest Debt-to-Equity Ratio of Containe Technologies was 4.91. The lowest was 0.50. And the median was 0.72.

BOM:543606's Debt-to-Equity is ranked worse than
63.72% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:543606: 0.72

Containe Technologies Debt-to-Equity Historical Data

The historical data trend for Containe Technologies'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.

Containe Technologies Debt-to-Equity Chart

Containe Technologies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
4.01 4.91 0.50 0.51 0.72

Containe Technologies Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Debt-to-Equity Get a 7-Day Free Trial 0.50 N/A 0.51 0.54 0.72

Competitive Comparison of Containe Technologies's Debt-to-Equity

For the Auto Parts subindustry, Containe Technologies'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.

Containe Technologies's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Containe Technologies's Debt-to-Equity distribution charts can be found below:

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


Containe Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Containe Technologies'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
=(22.068 + 46.828) / 95.243
=0.72

Containe Technologies'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
=(22.068 + 46.828) / 95.243
=0.72

* 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.

Containe Technologies  (BOM:543606) 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.

Containe Technologies Debt-to-Equity Related Terms

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

Containe Technologies (BOM:543606) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Containe Technologies Ltd (BOM:543606) » Definitions » Debt-to-Equity
Comparable Companies
NSE:VIAZ NSE:UWCSL BOM:513418 BOM:532933 BOM:543065 BOM:522207 BOM:530711 BOM:523550 NSE:PRECISION BOM:540653 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
Gokul Nagar, Marriguda, House No. 3-13-142/ 341P, 342, Mallapur, Secunderabad, Hyderabad, TG, IND, 500076
Website
https://www.containe.in
Containe Technologies Ltd is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector. The company manufactures a wide range of technology-intensive electronic and mechanical automotive products.

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