Rane (Madras) (NSE:RML) Debt-to-Equity : 2.99 (As of Sep. 2024)

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What is Rane (Madras) Debt-to-Equity?

Rane (Madras)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹5,133 Mil. Rane (Madras)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2,569 Mil. Rane (Madras)'s Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹2,573 Mil. Rane (Madras)'s debt to equity for the quarter that ended in Sep. 2024 was 2.99.

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 Rane (Madras)'s Debt-to-Equity or its related term are showing as below:

NSE:RML' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 2.52 Max: 3
Current: 2.99

During the past 13 years, the highest Debt-to-Equity Ratio of Rane (Madras) was 3.00. The lowest was 1.04. And the median was 2.52.

NSE:RML's Debt-to-Equity is ranked worse than
95.45% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs NSE:RML: 2.99

Rane (Madras) Debt-to-Equity Historical Data

The historical data trend for Rane (Madras)'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.

Rane (Madras) Debt-to-Equity Chart

Rane (Madras) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.58

2.56

2.77

2.85

Rane (Madras) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.60	N/A	2.85	N/A	2.99

Competitive Comparison of Rane (Madras)'s Debt-to-Equity

For the Auto Parts subindustry, Rane (Madras)'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.

Rane (Madras)'s Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rane (Madras)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rane (Madras)'s Debt-to-Equity falls into.

Rane (Madras) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rane (Madras)'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
	=	(4426.7	+	2857.5)	/	2559.6
	=	2.85

Rane (Madras)'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
	=	(5132.5	+	2569.2)	/	2573.2
	=	2.99

Rane (Madras) (NSE:RML) 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.

Rane (Madras) Debt-to-Equity Related Terms

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Rane (Madras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane (Madras) Ltd (NSE:RML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

532661:India

Address

154, Velachery Road, Ganapathi Buildings, Chennai, TN, IND, 600042

Website

https://www.ranegroup.com

Rane (Madras) Ltd provides components for the transportation industry. The company is a manufacturer of steering and suspension linkages products, steering gear products and other articles of aluminum die casting products. It operates through two divisions: the Steering and Linkages division and the Light Metal Castings division. The company's steering and linkages division manufactures manual steering gears, hydrostatic steering systems, and steering and suspension linkage products. Its Light Metal Castings division manufactures low-porosity, high-quality aluminum die-castings such as steering housings and engine case covers. Geographically, the company derives key revenue within India.

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