Ganga Forging (NSE:GANGAFORGE) Debt-to-Equity : 0.29 (As of Sep. 2024)

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What is Ganga Forging Debt-to-Equity?

Ganga Forging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹90.0 Mil. Ganga Forging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1.7 Mil. Ganga Forging's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹321.0 Mil. Ganga Forging's debt to equity for the quarter that ended in Sep. 2024 was 0.29.

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 Ganga Forging's Debt-to-Equity or its related term are showing as below:

NSE:GANGAFORGE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.95 Max: 1.63
Current: 0.29

During the past 12 years, the highest Debt-to-Equity Ratio of Ganga Forging was 1.63. The lowest was 0.29. And the median was 0.95.

NSE:GANGAFORGE's Debt-to-Equity is ranked better than
50.23% of 2618 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:GANGAFORGE: 0.29

Ganga Forging Debt-to-Equity Historical Data

The historical data trend for Ganga Forging'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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Ganga Forging Debt-to-Equity Chart

Ganga Forging Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.11

0.98

1.00

1.07

0.32

Ganga Forging Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	N/A	0.32	N/A	0.29

Competitive Comparison of Ganga Forging's Debt-to-Equity

For the Metal Fabrication subindustry, Ganga Forging'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.

Ganga Forging's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ganga Forging's Debt-to-Equity distribution charts can be found below:

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

Ganga Forging Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ganga Forging'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
	=	(92.136	+	7.749)	/	314.129
	=	0.32

Ganga Forging's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(89.988	+	1.749)	/	321.002
	=	0.29

Ganga Forging (NSE:GANGAFORGE) 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.

Ganga Forging Debt-to-Equity Related Terms

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Ganga Forging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ganga Forging Ltd (NSE:GANGAFORGE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajkot-Gondal National Highway, Sr. No. 55/1 P6/P1/P1, Near Shree Stamping, Pipaliya, Taluka Gondal, Rajkot, GJ, IND, 360311

Website

https://www.gangaforging.com

Ganga Forging Ltd is a manufacturer in the forging industry and is engaged in the manufacturing of closed-die forged products catering to Construction, Railways, Mechanical industries, Oil refineries, and Mining industries. The company has only one reportable business which is the manufacturing of forging items. Its product offerings comprise forged crankshaft, straight connecting rod, inclined connecting rod, forged flanges, forged yoke, forged clamps, and others.

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