INOX India (NSE:INOXINDIA) Debt-to-Equity : 0.13 (As of Sep. 2024)

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What is INOX India Debt-to-Equity?

INOX India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹892 Mil. INOX India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹79 Mil. INOX India's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹7,507 Mil. INOX India's debt to equity for the quarter that ended in Sep. 2024 was 0.13.

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 INOX India's Debt-to-Equity or its related term are showing as below:

NSE:INOXINDIA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.18
Current: 0.13

During the past 4 years, the highest Debt-to-Equity Ratio of INOX India was 0.18. The lowest was 0.02. And the median was 0.09.

NSE:INOXINDIA's Debt-to-Equity is ranked better than
69.9% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:INOXINDIA: 0.13

INOX India Debt-to-Equity Historical Data

The historical data trend for INOX India'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.

INOX India Debt-to-Equity Chart

INOX India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.18

0.11

0.02

0.03

INOX India Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial						0.08	N/A	0.03	N/A	0.13

Competitive Comparison of INOX India's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, INOX India'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.

INOX India's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

INOX India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

INOX India'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
	=	(75.839	+	85.623)	/	6490.677
	=	0.02

INOX India'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
	=	(892.47	+	78.726)	/	7507.055
	=	0.13

INOX India (NSE:INOXINDIA) 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.

INOX India Debt-to-Equity Related Terms

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INOX India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » INOX India Ltd (NSE:INOXINDIA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

544046:India

Address

Race Course, 9th Floor, K P Platina, Vadodara, GJ, IND, 390007

Website

https://www.inoxcva.com

INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tank manufacturers. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.

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