Uravi T & Wedge Lamps (NSE:URAVI) Debt-to-Equity : 1.08 (As of Sep. 2023)

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What is Uravi T & Wedge Lamps Debt-to-Equity?

Uravi T & Wedge Lamps's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹220.5 Mil. Uravi T & Wedge Lamps's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹44.3 Mil. Uravi T & Wedge Lamps's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹245.9 Mil. Uravi T & Wedge Lamps's debt to equity for the quarter that ended in Sep. 2023 was 1.08.

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 Uravi T & Wedge Lamps's Debt-to-Equity or its related term are showing as below:

NSE:URAVI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.01 Max: 2.25
Current: 1.08

During the past 11 years, the highest Debt-to-Equity Ratio of Uravi T & Wedge Lamps was 2.25. The lowest was 0.73. And the median was 1.01.

NSE:URAVI's Debt-to-Equity is ranked worse than
76.36% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs NSE:URAVI: 1.08

Uravi T & Wedge Lamps Debt-to-Equity Historical Data

The historical data trend for Uravi T & Wedge Lamps'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.

Uravi T & Wedge Lamps Debt-to-Equity Chart

Uravi T & Wedge Lamps Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.79

0.91

1.05

1.01

0.98

Uravi T & Wedge Lamps Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													0.95	1.01	1.03	0.98	1.08

Competitive Comparison of Uravi T & Wedge Lamps's Debt-to-Equity

For the Auto Parts subindustry, Uravi T & Wedge Lamps'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.

Uravi T & Wedge Lamps's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Uravi T & Wedge Lamps's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Uravi T & Wedge Lamps's Debt-to-Equity falls into.

Uravi T & Wedge Lamps Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Uravi T & Wedge Lamps's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(192.322	+	36.174)	/	234.275
	=	0.98

Uravi T & Wedge Lamps's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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
	=	(220.468	+	44.285)	/	245.933
	=	1.08

Uravi T & Wedge Lamps (NSE:URAVI) 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.

Uravi T & Wedge Lamps Debt-to-Equity Related Terms

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Uravi T & Wedge Lamps (NSE:URAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uravi T & Wedge Lamps Ltd (NSE:URAVI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

543930:India

Address

L.B.S. Marg, Shop Number 329, Avior, Nirmal Galaxy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.uravilamps.com

Uravi T & Wedge Lamps Ltd is an Indian firm engaged in the manufacturing and distribution of automotive lamps and instrument cluster lighting for two-wheelers, four-wheelers, tractors, and Industrial applications for various Indian automobile manufacturers. The company's products offering includes Incandescent Head Lamps, Stop, Tail, and Indicators (Signaling Lamps), Wedge Base Lamps, Halogen Head Lamps, and others.

Uravi T & Wedge Lamps (NSE:URAVI) Headlines

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