Surani Steel Tubes (NSE:SURANI) Debt-to-Equity : 0.48 (As of Mar. 2024)

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What is Surani Steel Tubes Debt-to-Equity?

Surani Steel Tubes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹424 Mil. Surani Steel Tubes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Surani Steel Tubes's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹883 Mil. Surani Steel Tubes's debt to equity for the quarter that ended in Mar. 2024 was 0.48.

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 Surani Steel Tubes's Debt-to-Equity or its related term are showing as below:

NSE:SURANI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.92 Max: 4.05
Current: 0.48

During the past 11 years, the highest Debt-to-Equity Ratio of Surani Steel Tubes was 4.05. The lowest was 0.48. And the median was 0.92.

NSE:SURANI's Debt-to-Equity is ranked worse than
54.15% of 554 companies
in the Steel industry
Industry Median: 0.43 vs NSE:SURANI: 0.48

Surani Steel Tubes Debt-to-Equity Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Debt-to-Equity Chart

Surani Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.04

0.80

0.61

0.50

0.48

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.61	N/A	0.50	-	0.48

Competitive Comparison of Surani Steel Tubes's Debt-to-Equity

For the Steel subindustry, Surani Steel Tubes'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.

Surani Steel Tubes's Debt-to-Equity Distribution in the Steel Industry

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

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

Surani Steel Tubes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Surani Steel Tubes'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
	=	(423.62	+	0)	/	883.464
	=	0.48

Surani Steel Tubes'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
	=	(423.62	+	0)	/	883.464
	=	0.48

Surani Steel Tubes (NSE:SURANI) 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.

Surani Steel Tubes Debt-to-Equity Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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