Birla Cable (BOM:500060) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Birla Cable Debt-to-Equity?

Birla Cable's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹913 Mil. Birla Cable's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹741 Mil. Birla Cable's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,510 Mil. Birla Cable's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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

BOM:500060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.47 Max: 0.69
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Birla Cable was 0.69. The lowest was 0.35. And the median was 0.47.

BOM:500060's Debt-to-Equity is ranked worse than
75.58% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs BOM:500060: 0.66

Birla Cable Debt-to-Equity Historical Data

The historical data trend for Birla Cable'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.

Birla Cable Debt-to-Equity Chart

Birla Cable Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.49

0.42

0.44

0.56

0.66

Birla Cable Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	N/A	0.62	N/A	0.66

Competitive Comparison of Birla Cable's Debt-to-Equity

For the Communication Equipment subindustry, Birla Cable'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.

Birla Cable's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Birla Cable's Debt-to-Equity distribution charts can be found below:

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

Birla Cable Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Birla Cable'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
	=	(913.005	+	741.275)	/	2510.028
	=	0.66

Birla Cable'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
	=	(913.005	+	741.275)	/	2510.028
	=	0.66

Birla Cable (BOM:500060) 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.

Birla Cable Debt-to-Equity Related Terms

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Birla Cable (BOM:500060) Business Description

Industry

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BIRLACABLE:India

Address

Udyog Vihar, P.O. Chorhata, Rewa, MP, IND, 486006

Website

https://www.birlacable.com

Birla Cable Ltd is engaged in the manufacturing and sale of telecommunication cables, consisting of both copper and optical fiber, and other types of specialty wires and cables. Its geographical segments include Domestic Market (within India) and Overseas Market (outside India). The firm offers products in various categories such as optical fiber cables, including armored and unarmored, di-electric self-supporting aerial, figure-8 type aerial, drop, and interconnect cables. It also offers specialty cables, such as stainless steel wire armored tactical, coaxial, switchboard, screened PCM, and CAT cables, as well as automobile wires. In addition, the company provides telecom fiber accessories comprising connectors, adapters, pigtails, and cable accessories.

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