Deem Roll Tech (NSE:DEEM) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Deem Roll Tech Debt-to-Equity?

Deem Roll Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹202 Mil. Deem Roll Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23 Mil. Deem Roll Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹843 Mil. Deem Roll Tech's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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

NSE:DEEM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.43 Max: 0.54
Current: 0.27

During the past 4 years, the highest Debt-to-Equity Ratio of Deem Roll Tech was 0.54. The lowest was 0.27. And the median was 0.43.

NSE:DEEM's Debt-to-Equity is ranked better than
66.06% of 554 companies
in the Steel industry
Industry Median: 0.44 vs NSE:DEEM: 0.27

Deem Roll Tech Debt-to-Equity Historical Data

The historical data trend for Deem Roll 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.

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Deem Roll Tech Debt-to-Equity Chart

Deem Roll Tech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.54

0.44

0.42

0.27

Deem Roll Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Debt-to-Equity	0.54	0.44	0.42	0.43	0.27

Competitive Comparison of Deem Roll Tech's Debt-to-Equity

For the Steel subindustry, Deem Roll 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.

Deem Roll Tech's Debt-to-Equity Distribution in the Steel Industry

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

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

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Deem Roll Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deem Roll 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
	=	(201.726	+	22.997)	/	842.601
	=	0.27

Deem Roll 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
	=	(201.726	+	22.997)	/	842.601
	=	0.27

Deem Roll Tech (NSE:DEEM) 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.

Deem Roll Tech Debt-to-Equity Related Terms

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Deem Roll Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Deem Roll Tech Ltd (NSE:DEEM) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

C-3/301, S.G. Highway, Anushruti Apartment, Nr. Jain Mandir, Opp New York Tower, Ahmedabad, GJ, IND, 380054

Website

https://www.deemrolls.com

Deem Roll Tech Ltd is a manufacturers of high-quality steel and alloy Rolls in India. The company comprises three fully integrated factories with machine shops, foundries and heat treatment plants. The company's products include S.G Iron or Ductile Iron Roll, Indefinite Chill Alloy Cast Iron, Alloy Steel Base, Double Poured Alloy Indefinite Chil, HSS Rolls, Spheroidal Graphite Iron Rolls, etc. The company generates the majority of its revenue from sales in Gujarat, followed by Kolkata.

Deem Roll Tech Headlines

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