Scan Steels (BOM:511672) Debt-to-Equity : 0.30 (As of Mar. 2024)

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What is Scan Steels Debt-to-Equity?

Scan Steels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,131 Mil. Scan Steels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹58 Mil. Scan Steels's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,029 Mil. Scan Steels's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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 Scan Steels's Debt-to-Equity or its related term are showing as below:

BOM:511672' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.49 Max: 1.51
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Scan Steels was 1.51. The lowest was 0.25. And the median was 0.49.

BOM:511672's Debt-to-Equity is ranked better than
60.62% of 551 companies
in the Steel industry
Industry Median: 0.42 vs BOM:511672: 0.30

Scan Steels Debt-to-Equity Historical Data

The historical data trend for Scan Steels'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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Scan Steels Debt-to-Equity Chart

Scan Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.47

0.26

0.25

0.26

0.30

Scan Steels 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															0.26	N/A	0.29	N/A	0.30

Competitive Comparison of Scan Steels's Debt-to-Equity

For the Steel subindustry, Scan Steels'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.

Scan Steels's Debt-to-Equity Distribution in the Steel Industry

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

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

Scan Steels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scan Steels'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
	=	(1131.105	+	58.07)	/	4029.212
	=	0.30

Scan Steels'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
	=	(1131.105	+	58.07)	/	4029.212
	=	0.30

Scan Steels (BOM:511672) 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.

Scan Steels Debt-to-Equity Related Terms

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

Scan Steels (BOM:511672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Scan Steels Ltd (BOM:511672) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Magnetics Chowk, Plot No. 516/1723/3991, 2nd Floor, Trishana Nirmalya, Patia, Bhubaneswar, OR, IND, 751024

Website

https://www.scansteels.com

Scan Steels Ltd is an Indian-based iron and steel company. It is engaged in the manufacturing of steel products and power generation for captive consumption. The company operates through a single segment which is Steel Manufacturing. Its products include MS Billets, SHRISHTII TMT, SHRISHTII Structural, SHRISHTII Roofing, and Fly Ash Bricks.

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