SKP Bearing Industries (NSE:SKP) Debt-to-Equity : 0.65 (As of Sep. 2024)

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What is SKP Bearing Industries Debt-to-Equity?

SKP Bearing Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹69.1 Mil. SKP Bearing Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹251.2 Mil. SKP Bearing Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹491.8 Mil. SKP Bearing Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.65.

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

NSE:SKP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 1.04
Current: 0.65

During the past 6 years, the highest Debt-to-Equity Ratio of SKP Bearing Industries was 1.04. The lowest was 0.01. And the median was 0.11.

NSE:SKP's Debt-to-Equity is ranked worse than
74.52% of 2618 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:SKP: 0.65

SKP Bearing Industries Debt-to-Equity Historical Data

The historical data trend for SKP Bearing 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.

SKP Bearing Industries Debt-to-Equity Chart

SKP Bearing Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

1.04

0.10

0.50

SKP Bearing Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial				0.20	0.10	0.11	0.50	0.65

Competitive Comparison of SKP Bearing Industries's Debt-to-Equity

For the Tools & Accessories subindustry, SKP Bearing 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.

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

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

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

SKP Bearing Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SKP Bearing Industries'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
	=	(0.486	+	251.585)	/	501.919
	=	0.50

SKP Bearing Industries'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
	=	(69.107	+	251.209)	/	491.82
	=	0.65

SKP Bearing Industries (NSE:SKP) 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.

SKP Bearing Industries Debt-to-Equity Related Terms

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SKP Bearing Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKP Bearing Industries Ltd (NSE:SKP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.2127, Mulchand Road, Surendranagar District, Wadhwan, GJ, IND, 363030

Website

https://www.skpbearings.com

SKP Bearing Industries Ltd is engaged in manufacturing needle rollers, cylindrical rollers, pins, steel balls, and other related products, generation of electricity through windmill power projects, and solar power projects. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, and others.

SKP Bearing Industries Headlines

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