Wheels India (BOM:590073) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Wheels India Debt-to-Equity?

Wheels India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,794 Mil. Wheels India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,983 Mil. Wheels India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8,398 Mil. Wheels India's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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 Wheels India's Debt-to-Equity or its related term are showing as below:

BOM:590073' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.92 Max: 1.19
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Wheels India was 1.19. The lowest was 0.61. And the median was 0.92.

BOM:590073's Debt-to-Equity is ranked worse than
72.02% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:590073: 0.93

Wheels India Debt-to-Equity Historical Data

The historical data trend for Wheels India'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.

Wheels India Debt-to-Equity Chart

Wheels India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.98

1.06

1.19

1.03

0.93

Wheels India 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															1.03	N/A	1.00	N/A	0.93

Competitive Comparison of Wheels India's Debt-to-Equity

For the Auto Parts subindustry, Wheels India'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.

Wheels India's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Wheels India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wheels India'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
	=	(4794.4	+	2983.3)	/	8397.5
	=	0.93

Wheels India'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
	=	(4794.4	+	2983.3)	/	8397.5
	=	0.93

Wheels India (BOM:590073) 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.

Wheels India Debt-to-Equity Related Terms

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

Wheels India (BOM:590073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wheels India Ltd (BOM:590073) » Definitions » Debt-to-Equity

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WHEELS:India

Address

M.T.H. Road, Padi, Chennai, TN, IND, 600 050

Website

https://www.wheelsindia.com

Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.

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