Shriram Finance (NSE:SHRIRAMFIN) Debt-to-Equity : 3.09 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Shriram Finance Debt-to-Equity?

Shriram Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Shriram Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,510,524 Mil. Shriram Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹489,472 Mil. Shriram Finance's debt to equity for the quarter that ended in Mar. 2024 was 3.09.

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 Shriram Finance's Debt-to-Equity or its related term are showing as below:

NSE:SHRIRAMFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.96 Med: 4.64 Max: 5.38
Current: 3.09

During the past 13 years, the highest Debt-to-Equity Ratio of Shriram Finance was 5.38. The lowest was 2.96. And the median was 4.64.

NSE:SHRIRAMFIN's Debt-to-Equity is ranked worse than
75.41% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs NSE:SHRIRAMFIN: 3.09

Shriram Finance Debt-to-Equity Historical Data

The historical data trend for Shriram Finance'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.

Shriram Finance Debt-to-Equity Chart

Shriram Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

4.57

4.16

3.56

2.96

3.09

Shriram Finance 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															2.96	N/A	2.89	N/A	3.09

Competitive Comparison of Shriram Finance's Debt-to-Equity

For the Credit Services subindustry, Shriram Finance'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.

Shriram Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shriram Finance's Debt-to-Equity distribution charts can be found below:

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

Shriram Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shriram Finance'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
	=	(0	+	1510524.2)	/	489471.7
	=	3.09

Shriram Finance'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
	=	(0	+	1510524.2)	/	489471.7
	=	3.09

Shriram Finance (NSE:SHRIRAMFIN) 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.

Shriram Finance Debt-to-Equity Related Terms

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

Shriram Finance (NSE:SHRIRAMFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shriram Finance Ltd (NSE:SHRIRAMFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

511218:India

Address

Wockhardt Towers, West Wing, Level-3, C-2, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.shriramfinance.in

Shriram Finance Ltd is an Indian non-banking finance company. It is engaged in the financing of pre-owned commercial vehicles, equipment, and other loans. The company focuses on loan origination, valuation, and collection for pre-owned and new commercial and passenger vehicles, tractors, 3 wheeler, multi-utility vehicles, and also provides ancillary services such as finance for working capital, engine replacement, bill discounting, credit cards, and tire-loans as holistic financing support. The company's revenue consists of interest income on loans provides. Geographically, it derives maximum revenue from India.

Shriram Finance (NSE:SHRIRAMFIN) Headlines

No Headlines