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Bikewo Green Tech (NSE:BIKEWO) Debt-to-Equity : 0.45 (As of Mar. 2024)


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What is Bikewo Green Tech Debt-to-Equity?

Bikewo Green Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹63.1 Mil. Bikewo Green Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹12.1 Mil. Bikewo Green Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹167.7 Mil. Bikewo Green Tech's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Bikewo Green Tech's Debt-to-Equity or its related term are showing as below:

NSE:BIKEWO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45   Med: 1.01   Max: 2.02
Current: 0.45

During the past 4 years, the highest Debt-to-Equity Ratio of Bikewo Green Tech was 2.02. The lowest was 0.45. And the median was 1.01.

NSE:BIKEWO's Debt-to-Equity is ranked better than
51.48% of 1185 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:BIKEWO: 0.45

Bikewo Green Tech Debt-to-Equity Historical Data

The historical data trend for Bikewo Green Tech'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.

Bikewo Green Tech Debt-to-Equity Chart

Bikewo Green Tech Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
2.02 0.97 1.05 0.45

Bikewo Green Tech Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Debt-to-Equity 2.02 0.97 1.05 0.45

Competitive Comparison of Bikewo Green Tech's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Bikewo Green Tech'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.

Bikewo Green Tech's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Bikewo Green Tech's Debt-to-Equity falls into.


Bikewo Green Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bikewo Green Tech'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
=(63.141 + 12.121) / 167.669
=0.45

Bikewo Green Tech'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
=(63.141 + 12.121) / 167.669
=0.45

* 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.

Bikewo Green Tech  (NSE:BIKEWO) 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.

Bikewo Green Tech Debt-to-Equity Related Terms

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

Bikewo Green Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bikewo Green Tech Ltd (NSE:BIKEWO) » Definitions » Debt-to-Equity
Comparable Companies
BOM:544236 BOM:539090 BOM:539402 CVNA KMX PAG TPE:2207 LAD XBRU:DIE AN GPI ABG VVV TSE:4732 RUSHA HKSE:00881 TSX:BYD LSE:INCH CARG ACVA
Traded in Other Exchanges
N/A
Address
Road No. 31, Jubilee Hills, Plot No. 502B, Amara Jyothi, Hyderabad, TG, IND, 500 033
Website
https://www.bikewo.in
Bikewo Green Tech Ltd is an electric two-wheeler retailer in India. The company's business activities are operated through dealership models. It offers three types of dealerships to dealers such as State Dealership; Diamond Dealership and Platinum Dealership.

Bikewo Green Tech Headlines

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