Eicher Motors (NSE:EICHERMOT) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Eicher Motors Debt-to-Equity?

Eicher Motors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,480 Mil. Eicher Motors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,714 Mil. Eicher Motors's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹180,455 Mil. Eicher Motors's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Eicher Motors's Debt-to-Equity or its related term are showing as below:

NSE:EICHERMOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Eicher Motors was 0.03. The lowest was 0.01. And the median was 0.02.

NSE:EICHERMOT's Debt-to-Equity is ranked better than
97.35% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:EICHERMOT: 0.02

Eicher Motors Debt-to-Equity Historical Data

The historical data trend for Eicher Motors'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.

Eicher Motors Debt-to-Equity Chart

Eicher Motors Annual Data

Trend

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

0.01

0.02

Eicher Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	N/A	0.03	N/A	0.02

Competitive Comparison of Eicher Motors's Debt-to-Equity

For the Auto Manufacturers subindustry, Eicher Motors'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.

Eicher Motors's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Eicher Motors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eicher Motors'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
	=	(1480	+	2714.4)	/	180455.3
	=	0.02

Eicher Motors'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
	=	(1480	+	2714.4)	/	180455.3
	=	0.02

Eicher Motors (NSE:EICHERMOT) 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.

Eicher Motors Debt-to-Equity Related Terms

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Eicher Motors (NSE:EICHERMOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eicher Motors Ltd (NSE:EICHERMOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

505200:India

Address

No. 96, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.eichermotors.com

Eicher Motors Ltd is an Indian automobile manufacturer. The company organizes itself into two divisions, based on product type: motorcycles, and commercial vehicles. The motorcycles division, the most significant contributor to Eicher Motors' revenue, produces motorcycles through the Royal Enfield brand. The commercial vehicles divisions, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of revenue domestically.

Eicher Motors (NSE:EICHERMOT) Headlines

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