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Riddhi Steel and Tube (BOM:540082) Debt-to-Equity : 2.08 (As of Sep. 2023)


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What is Riddhi Steel and Tube Debt-to-Equity?

Riddhi Steel and Tube's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹657 Mil. Riddhi Steel and Tube's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹485 Mil. Riddhi Steel and Tube's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹549 Mil. Riddhi Steel and Tube's debt to equity for the quarter that ended in Sep. 2023 was 2.08.

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 Riddhi Steel and Tube's Debt-to-Equity or its related term are showing as below:

BOM:540082' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.08   Med: 2.44   Max: 3.9
Current: 2.08

During the past 12 years, the highest Debt-to-Equity Ratio of Riddhi Steel and Tube was 3.90. The lowest was 2.08. And the median was 2.44.

BOM:540082's Debt-to-Equity is ranked worse than
93.65% of 551 companies
in the Steel industry
Industry Median: 0.42 vs BOM:540082: 2.08

Riddhi Steel and Tube Debt-to-Equity Historical Data

The historical data trend for Riddhi Steel and Tube'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.

Riddhi Steel and Tube Debt-to-Equity Chart

Riddhi Steel and Tube Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.45 2.19 2.29 2.57 2.29

Riddhi Steel and Tube Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.51 2.57 2.41 2.29 2.08

Competitive Comparison of Riddhi Steel and Tube's Debt-to-Equity

For the Steel subindustry, Riddhi Steel and Tube'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.


Riddhi Steel and Tube's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Riddhi Steel and Tube's Debt-to-Equity falls into.



Riddhi Steel and Tube Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Riddhi Steel and Tube's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Riddhi Steel and Tube's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


Riddhi Steel and Tube  (BOM:540082) 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.


Riddhi Steel and Tube Debt-to-Equity Related Terms

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Riddhi Steel and Tube (BOM:540082) Business Description

Traded in Other Exchanges
N/A
Address
Piplaj Pirana Road, 83/84, Village - Kamod, Post- Aslali, Ahmedabad, GJ, IND, 382427
Riddhi Steel and Tube Ltd is engaged in manufacturing and galvanized steel pipes in various sizes, tubes, and hollow profiles and of tube and pipe fittings of cast iron or cast steel. The product line of the company includes MS ERW Black and Galvanised Pipes which are used in agriculture, industry and construction activities like scaffolding and casing in bore wells; Square and Rectangular Hollow Section used in engineering application; Pre-Galvanised Pipes used by various manufacturers.

Riddhi Steel and Tube (BOM:540082) Headlines

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