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Latteys Industries (NSE:LATTEYS) Debt-to-Equity : 0.92 (As of Mar. 2024)


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What is Latteys Industries Debt-to-Equity?

Latteys Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹159.1 Mil. Latteys Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9.8 Mil. Latteys Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹184.4 Mil. Latteys Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.92.

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

NSE:LATTEYS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74   Med: 0.95   Max: 5.22
Current: 0.92

During the past 11 years, the highest Debt-to-Equity Ratio of Latteys Industries was 5.22. The lowest was 0.74. And the median was 0.95.

NSE:LATTEYS's Debt-to-Equity is ranked worse than
85.01% of 2595 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:LATTEYS: 0.92

Latteys Industries Debt-to-Equity Historical Data

The historical data trend for Latteys 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.

Latteys Industries Debt-to-Equity Chart

Latteys Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.89 0.80 0.74 0.92

Latteys Industries Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.98 0.89 0.80 0.74 0.92

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

For the Specialty Industrial Machinery subindustry, Latteys 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.


Latteys Industries's Debt-to-Equity Distribution in the Industrial Products Industry

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

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



Latteys Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Latteys Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Latteys Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Latteys Industries  (NSE:LATTEYS) 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.


Latteys Industries Debt-to-Equity Related Terms

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


Latteys Industries Business Description

Traded in Other Exchanges
N/A
Address
GIDC Estate, Plot No. 16, Phase-1/2, Naroda GIDC, Ahmedabad, GJ, IND, 382330
Latteys Industries Ltd is engaged in the manufacturing of submersible pumps. Its product profile includes Borewell submersible pumps, Openwell submersible pumps, Self-Priming, Centrifugal Monoblock pumps, Solar pump set, and others.

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