Cummins India (BOM:500480) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Cummins India Debt-to-Equity?

Cummins India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,071 Mil. Cummins India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹199 Mil. Cummins India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹66,123 Mil. Cummins India's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

BOM:500480' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.12
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Cummins India was 0.12. The lowest was 0.00. And the median was 0.07.

BOM:500480's Debt-to-Equity is ranked better than
93.95% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:500480: 0.02

Cummins India Debt-to-Equity Historical Data

The historical data trend for Cummins India'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.

Cummins India Debt-to-Equity Chart

Cummins India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.12

0.01

0.08

0.07

0.02

Cummins India 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															0.07	N/A	0.05	N/A	0.02

Competitive Comparison of Cummins India's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Cummins India'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.

Cummins India's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins India's Debt-to-Equity distribution charts can be found below:

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

Cummins India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cummins India'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
	=	(1071.3	+	198.5)	/	66123.2
	=	0.02

Cummins India'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
	=	(1071.3	+	198.5)	/	66123.2
	=	0.02

Cummins India (BOM:500480) 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.

Cummins India Debt-to-Equity Related Terms

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Cummins India (BOM:500480) Business Description

Industry

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CUMMINSIND:India

Address

Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi, Pune, MH, IND, 411045

Website

https://www.cumminsindia.com

Cummins India Ltd is a group of businesses that design and manufacture service engines and related technologies. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. It has three business units: Engine Business, Power Systems Business, and Distribution Business. Its engines power a wide range of systems, including trucks, construction equipment, military components, railways, mining, and power generation applications. In addition, Cummins India provides aftermarket support and expertise to customers in different regions. The revenue is derived from India, but the company exports products to North America, Europe, and other Asian countries.

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