ISGEC Heavy Engineering (NSE:ISGEC) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is ISGEC Heavy Engineering Debt-to-Equity?

ISGEC Heavy Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,867 Mil. ISGEC Heavy Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,277 Mil. ISGEC Heavy Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹25,226 Mil. ISGEC Heavy Engineering's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 ISGEC Heavy Engineering's Debt-to-Equity or its related term are showing as below:

NSE:ISGEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.51 Max: 0.58
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of ISGEC Heavy Engineering was 0.58. The lowest was 0.13. And the median was 0.51.

NSE:ISGEC's Debt-to-Equity is ranked worse than
53.2% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs NSE:ISGEC: 0.32

ISGEC Heavy Engineering Debt-to-Equity Historical Data

The historical data trend for ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering Debt-to-Equity Chart

ISGEC Heavy Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.56

0.49

0.58

0.54

0.32

ISGEC Heavy Engineering 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															0.54	N/A	0.40	N/A	0.32

Competitive Comparison of ISGEC Heavy Engineering's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where ISGEC Heavy Engineering's Debt-to-Equity falls into.

ISGEC Heavy Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ISGEC Heavy Engineering'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
	=	(3866.5	+	4277.3)	/	25225.6
	=	0.32

ISGEC Heavy Engineering'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
	=	(3866.5	+	4277.3)	/	25225.6
	=	0.32

ISGEC Heavy Engineering (NSE:ISGEC) 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.

ISGEC Heavy Engineering Debt-to-Equity Related Terms

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

ISGEC Heavy Engineering (NSE:ISGEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ISGEC Heavy Engineering Ltd (NSE:ISGEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

533033:India

Address

A-4, Sector 24, Noida, UP, IND, 201 301

Website

https://www.isgec.com

ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The manufacturing of machinery & equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The engineering, procurement & construction segment generates revenue based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and other plant equipment. The company earns the larger part of its revenue in India and the rest from international markets.

ISGEC Heavy Engineering (NSE:ISGEC) Headlines

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