Sunita Tools (BOM:544001) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Sunita Tools Debt-to-Equity?

Sunita Tools's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹15.4 Mil. Sunita Tools's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹63.0 Mil. Sunita Tools's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹256.3 Mil. Sunita Tools's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Sunita Tools's Debt-to-Equity or its related term are showing as below:

BOM:544001' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.68 Med: -1.76 Max: 5.18
Current: 0.31

During the past 4 years, the highest Debt-to-Equity Ratio of Sunita Tools was 5.18. The lowest was -4.68. And the median was -1.76.

BOM:544001's Debt-to-Equity is ranked worse than
52.23% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:544001: 0.31

Sunita Tools Debt-to-Equity Historical Data

The historical data trend for Sunita Tools'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.

Sunita Tools Debt-to-Equity Chart

Sunita Tools Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

-3.84

-4.68

5.18

0.31

Sunita Tools Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			-4.68	N/A	5.18	3.25	0.31

Competitive Comparison of Sunita Tools's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Sunita Tools'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.

Sunita Tools's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Sunita Tools Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunita Tools'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
	=	(15.378	+	63.001)	/	256.267
	=	0.31

Sunita Tools'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
	=	(15.378	+	63.001)	/	256.267
	=	0.31

Sunita Tools (BOM:544001) 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.

Sunita Tools Debt-to-Equity Related Terms

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

Sunita Tools (BOM:544001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunita Tools Ltd (BOM:544001) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sativali Road, Survey No. 66, Plot No. A, Valiv, Vasai East, Palghar, Thane, MH, IND, 401208

Website

https://www.sunitatools.com

Sunita Tools Ltd is an engineering and mould base industry. It manufactures Ground Plates, Mould Bases and Precision CNC Machining. Company products are a pre-requisite and act as food to the manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods and Manufacturing Sectors.

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