Marshall Machines (NSE:MARSHALL) Debt-to-Equity : 1.30 (As of Sep. 2023)

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What is Marshall Machines Debt-to-Equity?

Marshall Machines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹281.05 Mil. Marshall Machines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹186.82 Mil. Marshall Machines's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹359.50 Mil. Marshall Machines's debt to equity for the quarter that ended in Sep. 2023 was 1.30.

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 Marshall Machines's Debt-to-Equity or its related term are showing as below:

NSE:MARSHALL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.96 Max: 3.36
Current: 1.3

During the past 10 years, the highest Debt-to-Equity Ratio of Marshall Machines was 3.36. The lowest was 0.71. And the median was 0.96.

NSE:MARSHALL's Debt-to-Equity is ranked worse than
91.23% of 2624 companies
in the Industrial Products industry
Industry Median: 0.28 vs NSE:MARSHALL: 1.30

Marshall Machines Debt-to-Equity Historical Data

The historical data trend for Marshall Machines'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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Marshall Machines Debt-to-Equity Chart

Marshall Machines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.95

0.93

0.83

0.87

1.15

Marshall Machines Quarterly Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial														N/A	0.87	0.98	1.15	1.30

Competitive Comparison of Marshall Machines's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Marshall Machines'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.

Marshall Machines's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Marshall Machines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marshall Machines'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
	=	(2.735	+	1.79)	/	3.953
	=	1.14

Marshall Machines's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(281.047	+	186.821)	/	359.499
	=	1.30

Marshall Machines (NSE:MARSHALL) 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.

Marshall Machines Debt-to-Equity Related Terms

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

Marshall Machines (NSE:MARSHALL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marshall Machines Ltd (NSE:MARSHALL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

C 86, Phase-V, Focal Point, Ludhiana, PB, IND, 141010

Website

https://www.marshallcnc.com

Marshall Machines Ltd is an India based company engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment including a wide range of Single spindle, Patented double and four spindle CNC machines, Automated robotic solutions and patent pending IoTQ suite of intelligent equipment. The company also sells machine parts of the manufactured machines as well to existing machinery buyers. Its products and services are offered to a wide range of industries including manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, and Bushes among others. The company sells its products in India and also exports it to other countries, of which key revenue is generated from sales made within the country.

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