Arvind and Co Shipping Agencies (NSE:ACSAL) Debt-to-Equity : 2.44 (As of Mar. 2023)

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What is Arvind and Co Shipping Agencies Debt-to-Equity?

Arvind and Co Shipping Agencies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹117.91 Mil. Arvind and Co Shipping Agencies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹105.31 Mil. Arvind and Co Shipping Agencies's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹91.41 Mil. Arvind and Co Shipping Agencies's debt to equity for the quarter that ended in Mar. 2023 was 2.44.

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 Arvind and Co Shipping Agencies's Debt-to-Equity or its related term are showing as below:

NSE:ACSAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 2.15 Max: 2.44
Current: 2.44

During the past 3 years, the highest Debt-to-Equity Ratio of Arvind and Co Shipping Agencies was 2.44. The lowest was 0.23. And the median was 2.15.

NSE:ACSAL's Debt-to-Equity is ranked worse than
90.94% of 894 companies
in the Transportation industry
Industry Median: 0.54 vs NSE:ACSAL: 2.44

Arvind and Co Shipping Agencies Debt-to-Equity Historical Data

The historical data trend for Arvind and Co Shipping Agencies'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.

Arvind and Co Shipping Agencies Debt-to-Equity Chart

Arvind and Co Shipping Agencies Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.23

2.15

2.44

Arvind and Co Shipping Agencies Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	0.23	2.15	2.44

Competitive Comparison of Arvind and Co Shipping Agencies's Debt-to-Equity

For the Marine Shipping subindustry, Arvind and Co Shipping Agencies'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.

Arvind and Co Shipping Agencies's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Arvind and Co Shipping Agencies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Arvind and Co Shipping Agencies's Debt-to-Equity falls into.

Arvind and Co Shipping Agencies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arvind and Co Shipping Agencies's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(117.914	+	105.308)	/	91.405
	=	2.44

Arvind and Co Shipping Agencies's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(117.914	+	105.308)	/	91.405
	=	2.44

Arvind and Co Shipping Agencies (NSE:ACSAL) 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.

Arvind and Co Shipping Agencies Debt-to-Equity Related Terms

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Arvind and Co Shipping Agencies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Arvind and Co Shipping Agencies Ltd (NSE:ACSAL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

City point 701 to 702, Fifth Floor, Near Town Hall, Jamnagar, GJ, IND, 361001

Website

https://www.arvindshipping.com

Arvind and Co Shipping Agencies Ltd is mainly engaged in the hiring of ships, barges, launches, Boats, docks, propelled vehicles, water- vessels and transport machines & providing hotel services & services of renting immovable properties. The company operates in two segments Chartering of Barges and Hotel and Hospitality. The majority of revenue is derived from the chartering of barges segment.

Arvind and Co Shipping Agencies Headlines

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