Larsen & Toubro (FRA:LTO) Debt-to-Equity: N/A (As of Jun. 2026)

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FRA:LTO Larsen & Toubro Ltd FRA:LTO
92 GF Score
Price €34.40
GF Value €38.41
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Larsen & Toubro Debt-to-Equity?

Larsen & Toubro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €0 Mil. Larsen & Toubro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €0 Mil. Larsen & Toubro's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €0 Mil.

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 Larsen & Toubro's Debt-to-Equity or its related term are showing as below:

FRA:LTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.15   Med: 1.71   Max: 2.19
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Larsen & Toubro was 2.19. The lowest was 1.15. And the median was 1.71.

FRA:LTO's Debt-to-Equity is ranked worse than
80% of 1610 companies
in the Construction industry
Industry Median: 0.41 vs FRA:LTO: 1.15

Larsen & Toubro  (FRA:LTO) 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.

Larsen & Toubro Debt-to-Equity Related Terms

Larsen & Toubro Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Larsen & Toubro'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.

Larsen & Toubro Debt-to-Equity Chart

Larsen & Toubro Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.35 1.35 1.36 1.15

Larsen & Toubro Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 1.32 N/A 1.15 N/A

FRA:LTO vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Larsen & Toubro'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.

Larsen & Toubro Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Larsen & Toubro's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Larsen & Toubro's Debt-to-Equity falls into.


FRA:LTO
92GF Score
Larsen & Toubro Ltd FRA:LTO
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Larsen & Toubro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Larsen & Toubro's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 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
=(5497.539 + 6197.897) / 10185.037
=1.15

Larsen & Toubro's Debt to Equity Ratio for the quarter that ended in Jun. 2026 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 + 0) / 0
=N/A

* 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.

Is Larsen & Toubro (FRA:LTO) Overvalued in 2026?

Based on GuruFocus' analysis, Larsen & Toubro stock appears to be undervalued. The current stock price of €34.40 is trading 10.4% below its estimated GF Value™ of €38.41. GuruFocus considers Larsen & Toubro to be Modestly Undervalued.

Key valuation signals for FRA:LTO:

  • Debt-to-Equity: N/A
  • GF Value™: €38.41 vs. price of €34.40 (10.4% below fair value)
  • GF Score™: 92/100 with 4 warning signs

No single metric tells the full story. See the FRA:LTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Larsen & Toubro Business Description

Address Norottarn Morarjee Marg, L&T House, Ballard Estate, Mumbai, MH, IND, 400001
Larsen & Toubro Ltd is engaged in core, high-impact sectors of the economy, and its integrated capabilities span the entire spectrum of design to delivery. The company's operating segments are: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, and other segments. The majority of its revenue is generated from the Infrastructure projects segment, which comprises engineering and construction of buildings and factories, transportation infrastructure, heavy civil infrastructure, power transmission & distribution, renewables, water & effluent treatment, and minerals and metals. Geographically, the group generates maximum revenue from its operations in India.
92GF Score

Get the complete analysis for FRA:LTO

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.40
Price
€38.41
GF Value