SRF (NSE:SRF) Debt-to-Equity : 0.44 (As of Sep. 2024)

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What is SRF Debt-to-Equity?

SRF's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹31,754 Mil. SRF's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹20,711 Mil. SRF's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹119,973 Mil. SRF's debt to equity for the quarter that ended in Sep. 2024 was 0.44.

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

NSE:SRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.69 Max: 1.03
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of SRF was 1.03. The lowest was 0.42. And the median was 0.69.

NSE:SRF's Debt-to-Equity is ranked worse than
55.94% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs NSE:SRF: 0.44

SRF Debt-to-Equity Historical Data

The historical data trend for SRF'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.

SRF Debt-to-Equity Chart

SRF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.84

0.51

0.43

0.44

SRF 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															0.46	N/A	0.44	N/A	0.44

Competitive Comparison of SRF's Debt-to-Equity

For the Specialty Chemicals subindustry, SRF'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.

SRF's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SRF's Debt-to-Equity distribution charts can be found below:

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

SRF Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SRF'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
	=	(26966.1	+	23339.3)	/	114790.2
	=	0.44

SRF'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
	=	(31753.9	+	20710.5)	/	119973.1
	=	0.44

SRF (NSE:SRF) 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.

SRF Debt-to-Equity Related Terms

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

SRF Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SRF Ltd (NSE:SRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

503806:India

Address

Block - C, Sector - 45, Gurugram, HR, IND, 122 003

Website

https://www.srf.com

SRF Ltd operates in the textiles, chemical and packaging business based in India. The company generates around half of its revenue internationally and operates through four business segments. The technical textiles business offers products such as nylon tyre cords, belting fabric, coated fabrics, laminated fabric, polyester tyre cords, and industrial yarns. The chemicals business provides refrigerant gases, pharmaceuticals, and fluorochemicals. Finally, the packaging film business offers polyester films used to package food, cosmetics, healthcare, and personal products. The other segment includes coated fabric, laminated fabric, and engineering plastics. The Chemicals business segment act as a major revenue driver for the firm.