Indian Renewable Energy Development Agency (BOM:544026) Debt-to-Equity : 5.92 (As of Mar. 2024)

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What is Indian Renewable Energy Development Agency Debt-to-Equity?

Indian Renewable Energy Development Agency's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹86,929 Mil. Indian Renewable Energy Development Agency's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹419,984 Mil. Indian Renewable Energy Development Agency's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹85,594 Mil. Indian Renewable Energy Development Agency's debt to equity for the quarter that ended in Mar. 2024 was 5.92.

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 Indian Renewable Energy Development Agency's Debt-to-Equity or its related term are showing as below:

BOM:544026' s Debt-to-Equity Range Over the Past 10 Years
Min: 5.12 Med: 6.29 Max: 7.8
Current: 5.92

During the past 4 years, the highest Debt-to-Equity Ratio of Indian Renewable Energy Development Agency was 7.80. The lowest was 5.12. And the median was 6.29.

BOM:544026's Debt-to-Equity is ranked worse than
89.72% of 428 companies
in the Credit Services industry
Industry Median: 1.15 vs BOM:544026: 5.92

Indian Renewable Energy Development Agency Debt-to-Equity Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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.

Indian Renewable Energy Development Agency Debt-to-Equity Chart

Indian Renewable Energy Development Agency Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

7.80

5.12

6.66

5.92

Indian Renewable Energy Development Agency Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				6.66	6.25	5.96	N/A	5.92

Competitive Comparison of Indian Renewable Energy Development Agency's Debt-to-Equity

For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.

Indian Renewable Energy Development Agency's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Indian Renewable Energy Development Agency's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Indian Renewable Energy Development Agency's Debt-to-Equity falls into.

Indian Renewable Energy Development Agency Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indian Renewable Energy Development Agency'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
	=	(86928.713	+	419983.741)	/	85594.253
	=	5.92

Indian Renewable Energy Development Agency'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
	=	(86928.713	+	419983.741)	/	85594.253
	=	5.92

Indian Renewable Energy Development Agency (BOM:544026) 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.

Indian Renewable Energy Development Agency Debt-to-Equity Related Terms

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Indian Renewable Energy Development Agency (BOM:544026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indian Renewable Energy Development Agency Ltd (BOM:544026) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

IREDA:India

Address

August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066

Website

https://www.ireda.in

Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

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