Chaman Metallics (NSE:CMNL) Debt-to-Equity : 0.28 (As of Mar. 2023)

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What is Chaman Metallics Debt-to-Equity?

Chaman Metallics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹42 Mil. Chaman Metallics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹174 Mil. Chaman Metallics's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹769 Mil. Chaman Metallics's debt to equity for the quarter that ended in Mar. 2023 was 0.28.

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 Chaman Metallics's Debt-to-Equity or its related term are showing as below:

NSE:CMNL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.66 Max: 1.45
Current: 1.45

During the past 5 years, the highest Debt-to-Equity Ratio of Chaman Metallics was 1.45. The lowest was 0.28. And the median was 0.66.

NSE:CMNL's Debt-to-Equity is ranked worse than
87.7% of 553 companies
in the Steel industry
Industry Median: 0.43 vs NSE:CMNL: 1.45

Chaman Metallics Debt-to-Equity Historical Data

The historical data trend for Chaman Metallics'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.

Chaman Metallics Debt-to-Equity Chart

Chaman Metallics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.84

0.49

0.66

0.28

1.45

Chaman Metallics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.49	0.66	0.36	0.28	1.45

Competitive Comparison of Chaman Metallics's Debt-to-Equity

For the Steel subindustry, Chaman Metallics'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.

Chaman Metallics's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chaman Metallics's Debt-to-Equity distribution charts can be found below:

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

Chaman Metallics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chaman Metallics'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
	=	(112.446	+	1182.596)	/	896.434
	=	1.44

Chaman Metallics'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
	=	(42.135	+	173.724)	/	768.69
	=	0.28

Chaman Metallics (NSE:CMNL) 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.

Chaman Metallics Debt-to-Equity Related Terms

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Chaman Metallics (NSE:CMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chaman Metallics Ltd (NSE:CMNL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samta Colony, Agrawal Complex, Opp. Pandey Nursing Home, Raipur, CT, IND, 492001

Website

https://www.cmlgrgroup.com

Chaman Metallics Ltd is engaged in the business of selling Iron and Steel. The company is engaged in manufacturing and selling Direct Reduced Iron (i.e. sponge iron) which is used as a raw material for making steel in electric arc furnaces and induction furnaces.

Chaman Metallics (NSE:CMNL) Headlines

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