The Hi-Tech Gears (NSE:HITECHGEAR) Debt-to-Equity : N/A (As of Dec. 2024)

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What is The Hi-Tech Gears Debt-to-Equity?

The Hi-Tech Gears's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. The Hi-Tech Gears's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. The Hi-Tech Gears's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₹0 Mil.

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 The Hi-Tech Gears's Debt-to-Equity or its related term are showing as below:

NSE:HITECHGEAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 1.31 Max: 1.62
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of The Hi-Tech Gears was 1.62. The lowest was 0.13. And the median was 1.31.

NSE:HITECHGEAR's Debt-to-Equity is ranked worse than
53.64% of 1180 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs NSE:HITECHGEAR: 0.53

The Hi-Tech Gears Debt-to-Equity Historical Data

The historical data trend for The Hi-Tech Gears'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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The Hi-Tech Gears Debt-to-Equity Chart

The Hi-Tech Gears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.28

1.33

1.42

1.29

0.64

The Hi-Tech Gears Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.64	N/A	0.53	N/A

Competitive Comparison of The Hi-Tech Gears's Debt-to-Equity

For the Auto Parts subindustry, The Hi-Tech Gears'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.

The Hi-Tech Gears's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

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The Hi-Tech Gears Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Hi-Tech Gears'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
	=	(1549.4	+	1435.15)	/	4661.53
	=	0.64

The Hi-Tech Gears's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

The Hi-Tech Gears (NSE:HITECHGEAR) 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.

The Hi-Tech Gears Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The Hi-Tech Gears's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hi-Tech Gears Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Hi-Tech Gears Ltd (NSE:HITECHGEAR) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

522073:India

Address

Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009

Website

https://www.thehitechgears.com

The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.

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