Suyog Gurbaxani Funicular Ropeways (BOM:543391) Debt-to-Equity : 5.91 (As of Sep. 2023)

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What is Suyog Gurbaxani Funicular Ropeways Debt-to-Equity?

Suyog Gurbaxani Funicular Ropeways's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Suyog Gurbaxani Funicular Ropeways's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹766.3 Mil. Suyog Gurbaxani Funicular Ropeways's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹129.8 Mil. Suyog Gurbaxani Funicular Ropeways's debt to equity for the quarter that ended in Sep. 2023 was 5.91.

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 Suyog Gurbaxani Funicular Ropeways's Debt-to-Equity or its related term are showing as below:

BOM:543391' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.24 Med: 6.28 Max: 10.7
Current: 5.91

During the past 5 years, the highest Debt-to-Equity Ratio of Suyog Gurbaxani Funicular Ropeways was 10.70. The lowest was 4.24. And the median was 6.28.

BOM:543391's Debt-to-Equity is ranked worse than
94.23% of 693 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs BOM:543391: 5.91

Suyog Gurbaxani Funicular Ropeways Debt-to-Equity Historical Data

The historical data trend for Suyog Gurbaxani Funicular Ropeways'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.

Suyog Gurbaxani Funicular Ropeways Debt-to-Equity Chart

Suyog Gurbaxani Funicular Ropeways Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

4.24

4.55

10.70

6.88

6.28

Suyog Gurbaxani Funicular Ropeways Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			10.70	6.88	7.43	6.28	5.91

Competitive Comparison of Suyog Gurbaxani Funicular Ropeways's Debt-to-Equity

For the Travel Services subindustry, Suyog Gurbaxani Funicular Ropeways'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.

Suyog Gurbaxani Funicular Ropeways's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Suyog Gurbaxani Funicular Ropeways's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Suyog Gurbaxani Funicular Ropeways's Debt-to-Equity falls into.

Suyog Gurbaxani Funicular Ropeways Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suyog Gurbaxani Funicular Ropeways'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
	=	(54.389	+	605.426)	/	105.051
	=	6.28

Suyog Gurbaxani Funicular Ropeways'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
	=	(0	+	766.27)	/	129.751
	=	5.91

Suyog Gurbaxani Funicular Ropeways (BOM:543391) 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.

Suyog Gurbaxani Funicular Ropeways Debt-to-Equity Related Terms

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Suyog Gurbaxani Funicular Ropeways (BOM:543391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Suyog Gurbaxani Funicular Ropeways Ltd (BOM:543391) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

LBS Marg, 18, Suyog Industrial Estate, 1st Floor, Vikhroli (West), Mumbai, MH, IND, 400083

Website

https://www.sgfrl.com

Suyog Gurbaxani Funicular Ropeways Ltd is an infrastructure development and construction company engaged in building and operating the Funicular Ropeways Systems. The company has carried on the business of the work to design, engineer, procure, finance, construct, operate, and maintain Funicular Ropeway on a Build, Operate & Transfer (BOT) basis at Saptashrungi Gad, Vani, Kalwan, Nashik, and to charge and collect the toll fees. The majority of revenue is generated from the Toll Collection Fees segment.

Suyog Gurbaxani Funicular Ropeways (BOM:543391) Headlines

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