Tamilnad Mercantile Bank (BOM:543596) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is Tamilnad Mercantile Bank Debt-to-Equity?

Tamilnad Mercantile Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Tamilnad Mercantile Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13,012 Mil. Tamilnad Mercantile Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹79,212 Mil. Tamilnad Mercantile Bank's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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 Tamilnad Mercantile Bank's Debt-to-Equity or its related term are showing as below:

BOM:543596' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.16
Current: 0.16

During the past 5 years, the highest Debt-to-Equity Ratio of Tamilnad Mercantile Bank was 0.16. The lowest was 0.08. And the median was 0.12.

BOM:543596's Debt-to-Equity is ranked better than
85.48% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs BOM:543596: 0.16

Tamilnad Mercantile Bank Debt-to-Equity Historical Data

The historical data trend for Tamilnad Mercantile Bank'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.

Tamilnad Mercantile Bank Debt-to-Equity Chart

Tamilnad Mercantile Bank Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.08

0.16

Tamilnad Mercantile Bank Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.08	0.03	0.09	0.16	0.16

Competitive Comparison of Tamilnad Mercantile Bank's Debt-to-Equity

For the Banks - Regional subindustry, Tamilnad Mercantile Bank'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.

Tamilnad Mercantile Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tamilnad Mercantile Bank's Debt-to-Equity falls into.

Tamilnad Mercantile Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tamilnad Mercantile Bank'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
	=	(0	+	13011.5)	/	79212
	=	0.16

Tamilnad Mercantile Bank'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
	=	(0	+	13011.5)	/	79212
	=	0.16

Tamilnad Mercantile Bank (BOM:543596) 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.

Tamilnad Mercantile Bank Debt-to-Equity Related Terms

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Tamilnad Mercantile Bank (BOM:543596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (BOM:543596) » Definitions » Debt-to-Equity

Traded in Other Exchanges

TMB:India

Address

No. 57, Victoria Extension Road, Thoothukudi, TN, IND, 628 002

Website

https://www.tmb.in

Tamilnad Mercantile Bank Ltd is the oldest private sector bank in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate- wholesale banking, Retail banking, and Other banking business services.

Tamilnad Mercantile Bank (BOM:543596) Headlines

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