Mandeep Auto Industries (NSE:MANDEEP) Debt-to-Equity : 1.83 (As of Mar. 2023)

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What is Mandeep Auto Industries Debt-to-Equity?

Mandeep Auto Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹58.4 Mil. Mandeep Auto Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹24.6 Mil. Mandeep Auto Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹45.4 Mil. Mandeep Auto Industries's debt to equity for the quarter that ended in Mar. 2023 was 1.83.

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

NSE:MANDEEP's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.48
* Ranked among companies with meaningful Debt-to-Equity only.

Mandeep Auto Industries Debt-to-Equity Historical Data

The historical data trend for Mandeep Auto 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.

Mandeep Auto Industries Debt-to-Equity Chart

Mandeep Auto Industries Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.43

1.28

1.83

Mandeep Auto Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	1.43	1.28	1.83

Competitive Comparison of Mandeep Auto Industries's Debt-to-Equity

For the Auto Parts subindustry, Mandeep Auto 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.

Mandeep Auto Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's Debt-to-Equity distribution charts can be found below:

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

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Mandeep Auto Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mandeep Auto Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(58.408	+	24.576)	/	45.354
	=	1.83

Mandeep Auto Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(58.408	+	24.576)	/	45.354
	=	1.83

Mandeep Auto Industries (NSE:MANDEEP) 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.

Mandeep Auto Industries Debt-to-Equity Related Terms

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

Mandeep Auto Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mandeep Auto Industries Ltd (NSE:MANDEEP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Feet Road, Plot No 26, Sector 53, Sarurpur Industrial Area, Nangla Gujran, Faridabad, HR, IND, 121001

Website

https://www.mandeepautoindustries.com

Mandeep Auto Industries Ltd is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components. The products of the company are used in various industries such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Mandeep Auto Industries Headlines

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