Sundaram Finance (BOM:590071) Debt-to-Equity : 4.00 (As of Mar. 2024)

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What is Sundaram Finance Debt-to-Equity?

Sundaram Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Sundaram Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹443,521 Mil. Sundaram Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹110,782 Mil. Sundaram Finance's debt to equity for the quarter that ended in Mar. 2024 was 4.00.

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 Sundaram Finance's Debt-to-Equity or its related term are showing as below:

BOM:590071' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.41 Med: 3.67 Max: 4.58
Current: 4

During the past 13 years, the highest Debt-to-Equity Ratio of Sundaram Finance was 4.58. The lowest was 2.41. And the median was 3.67.

BOM:590071's Debt-to-Equity is ranked worse than
83.18% of 428 companies
in the Credit Services industry
Industry Median: 1.15 vs BOM:590071: 4.00

Sundaram Finance Debt-to-Equity Historical Data

The historical data trend for Sundaram Finance'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.

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Sundaram Finance Debt-to-Equity Chart

Sundaram Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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4.58

3.95

3.44

3.63

4.00

Sundaram Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.63	N/A	3.92	N/A	4.00

Competitive Comparison of Sundaram Finance's Debt-to-Equity

For the Credit Services subindustry, Sundaram Finance'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.

Sundaram Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sundaram Finance's Debt-to-Equity distribution charts can be found below:

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

Sundaram Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sundaram Finance'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
	=	(0	+	443520.5)	/	110782.2
	=	4.00

Sundaram Finance'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
	=	(0	+	443520.5)	/	110782.2
	=	4.00

Sundaram Finance (BOM:590071) 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.

Sundaram Finance Debt-to-Equity Related Terms

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Sundaram Finance (BOM:590071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sundaram Finance Ltd (BOM:590071) » Definitions » Debt-to-Equity

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SUNDARMFIN:India

Address

21, Patullos Road, Chennai, TN, IND, 600 002

Website

https://www.sundaramfinance.in

Sundaram Finance Ltd is a nonbanking finance company operating in India. The company provides various financial products and services, including commercial vehicle finance, car finance, farm equipment finance, construction equipment finance, and fleet cards. Through its subsidiaries, the company has a diversified presence in insurance, mutual funds, housing finance, business process outsourcing, information technology services, and retail distribution of a wide array of financial services and products. The company's main source of revenue includes mortgages and hire purchase loans.

Sundaram Finance (BOM:590071) Headlines

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