Texmaco Rail & Engineering (NSE:TEXRAIL) Debt-to-Equity : 0.35 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Texmaco Rail & Engineering Debt-to-Equity?

Texmaco Rail & Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹5,173 Mil. Texmaco Rail & Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹4,202 Mil. Texmaco Rail & Engineering's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹26,802 Mil. Texmaco Rail & Engineering's debt to equity for the quarter that ended in Sep. 2024 was 0.35.

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 Texmaco Rail & Engineering's Debt-to-Equity or its related term are showing as below:

NSE:TEXRAIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.53 Max: 0.8
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Texmaco Rail & Engineering was 0.80. The lowest was 0.15. And the median was 0.53.

NSE:TEXRAIL's Debt-to-Equity is ranked better than
63.52% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs NSE:TEXRAIL: 0.35

Texmaco Rail & Engineering Debt-to-Equity Historical Data

The historical data trend for Texmaco Rail & Engineering'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.

Texmaco Rail & Engineering Debt-to-Equity Chart

Texmaco Rail & Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.74

0.68

0.53

0.71

0.25

Texmaco Rail & Engineering 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															0.76	N/A	0.25	N/A	0.35

Competitive Comparison of Texmaco Rail & Engineering's Debt-to-Equity

For the Railroads subindustry, Texmaco Rail & Engineering'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.

Texmaco Rail & Engineering's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Texmaco Rail & Engineering's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Texmaco Rail & Engineering's Debt-to-Equity falls into.

Texmaco Rail & Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Texmaco Rail & Engineering'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
	=	(3883.741	+	2427.227)	/	25329.572
	=	0.25

Texmaco Rail & Engineering'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
	=	(5172.991	+	4202.254)	/	26801.816
	=	0.35

Texmaco Rail & Engineering (NSE:TEXRAIL) 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.

Texmaco Rail & Engineering Debt-to-Equity Related Terms

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

Texmaco Rail & Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Texmaco Rail & Engineering Ltd (NSE:TEXRAIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

533326:India

Address

Belgharia, 24 Paragnas (North), Kolkata, WB, IND, 700 056

Website

https://www.texmaco.in

Texmaco Rail & Engineering Ltd is engaged in the manufacturing, selling, and providing services for Rail and Rail related products. It manufactures and supplies different types of rail wagons, and various components such as brake levers, snow plows, loco components, draw bars, bogie frames, etc. The company also provides services related to railway infrastructure and operates a steel foundry that produces various steel castings and products for the railway industry. Its business segments are; Heavy Engineering Division; Steel Foundry Division; and Rail EPC. The maximum revenue is derived from its Freight Car Division which manufactures and supplies railway freight cars, loco components, loco shells, and steel castings. Geographically, the company derives revenue predominantly from India.

Texmaco Rail & Engineering Headlines

No Headlines