Marine Electricals (India) (NSE:MARINE) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Marine Electricals (India) Debt-to-Equity?

Marine Electricals (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Marine Electricals (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Marine Electricals (India)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Marine Electricals (India)'s Debt-to-Equity or its related term are showing as below:

NSE:MARINE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.37 Max: 0.55
Current: 0.32

During the past 10 years, the highest Debt-to-Equity Ratio of Marine Electricals (India) was 0.55. The lowest was 0.19. And the median was 0.37.

NSE:MARINE's Debt-to-Equity is ranked better than
66.06% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs NSE:MARINE: 0.32

Marine Electricals (India) Debt-to-Equity Historical Data

The historical data trend for Marine Electricals (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.

Marine Electricals (India) Debt-to-Equity Chart

Marine Electricals (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.42

0.38

0.36

0.21

0.32

Marine Electricals (India) Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.32	N/A	0.32	N/A

Competitive Comparison of Marine Electricals (India)'s Debt-to-Equity

For the Marine Shipping subindustry, Marine Electricals (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.

Marine Electricals (India)'s Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marine Electricals (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Marine Electricals (India)'s Debt-to-Equity falls into.

Marine Electricals (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marine Electricals (India)'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
	=	(429.029	+	227.922)	/	2083.72
	=	0.32

Marine Electricals (India)'s Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	0
	=	N/A

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India) Debt-to-Equity Related Terms

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

Marine Electricals (India) (NSE:MARINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

B/1, Udyog Sadan No. 3, MIDC, Marol Industrial Area, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is an integrated technical service provider. It offers services in the fields of electrical automation and information and communication technology solutions in diversified areas like Ship Building and Ship repair for Navy and Commercial Vessels/ Industries and Buildings / Renewables EPC. It also develops, designs, manufactures, and markets marine and industrial electrical and electronic switch gears, control gears, and electrical and electronic components including renewable energy. The firm is organized into two segments: Electricals and Electronics and Solar out of which the Electricals and Electronics segment accounts for the majority of revenue.

Marine Electricals (India) (NSE:MARINE) Headlines

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