Hindalco Industries (NSE:HINDALCO) Debt-to-Equity : 0.53 (As of Sep. 2024)

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What is Hindalco Industries Debt-to-Equity?

Hindalco Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹116,760 Mil. Hindalco Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹492,830 Mil. Hindalco Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,151,760 Mil. Hindalco Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.53.

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 Hindalco Industries's Debt-to-Equity or its related term are showing as below:

NSE:HINDALCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.93 Max: 1.72
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Hindalco Industries was 1.72. The lowest was 0.53. And the median was 0.93.

NSE:HINDALCO's Debt-to-Equity is ranked worse than
76.04% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NSE:HINDALCO: 0.53

Hindalco Industries Debt-to-Equity Historical Data

The historical data trend for Hindalco Industries'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.

Hindalco Industries Debt-to-Equity Chart

Hindalco Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.17

0.82

0.83

0.64

0.53

Hindalco Industries Quarterly Data
	Dec19	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															0.59	N/A	0.53	N/A	0.53

Competitive Comparison of Hindalco Industries's Debt-to-Equity

For the Aluminum subindustry, Hindalco Industries'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.

Hindalco Industries's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Debt-to-Equity distribution charts can be found below:

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

Hindalco Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hindalco Industries'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
	=	(75300	+	488260)	/	1061460
	=	0.53

Hindalco Industries'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
	=	(116760	+	492830)	/	1151760
	=	0.53

Hindalco Industries (NSE:HINDALCO) 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.

Hindalco Industries Debt-to-Equity Related Terms

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Hindalco Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HINDA:Luxembourg 500440:India

Address

Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.hindalco.com

Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations across the globe.

Hindalco Industries Headlines

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