Delta Manufacturing (BOM:504286) Debt-to-Equity : 1.48 (As of Mar. 2024)

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What is Delta Manufacturing Debt-to-Equity?

Delta Manufacturing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹360.8 Mil. Delta Manufacturing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹37.8 Mil. Delta Manufacturing's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹268.6 Mil. Delta Manufacturing's debt to equity for the quarter that ended in Mar. 2024 was 1.48.

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 Delta Manufacturing's Debt-to-Equity or its related term are showing as below:

BOM:504286' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.18 Max: 1.81
Current: 1.48

During the past 13 years, the highest Debt-to-Equity Ratio of Delta Manufacturing was 1.81. The lowest was 0.82. And the median was 1.18.

BOM:504286's Debt-to-Equity is ranked worse than
93.08% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:504286: 1.48

Delta Manufacturing Debt-to-Equity Historical Data

The historical data trend for Delta Manufacturing'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.

Delta Manufacturing Debt-to-Equity Chart

Delta Manufacturing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.51

1.81

0.86

1.07

1.48

Delta Manufacturing 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															1.07	N/A	1.23	N/A	1.48

Competitive Comparison of Delta Manufacturing's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Delta Manufacturing'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.

Delta Manufacturing's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delta Manufacturing's Debt-to-Equity distribution charts can be found below:

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

Delta Manufacturing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Delta Manufacturing'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
	=	(360.804	+	37.754)	/	268.613
	=	1.48

Delta Manufacturing'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
	=	(360.804	+	37.754)	/	268.613
	=	1.48

Delta Manufacturing (BOM:504286) 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.

Delta Manufacturing Debt-to-Equity Related Terms

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

Delta Manufacturing (BOM:504286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta Manufacturing Ltd (BOM:504286) » Definitions » Debt-to-Equity

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DELTAMAGNT:India

Address

Tardeo Road, Bayside Mall, 2nd Floor, Opposite Sobo Central Mall, Haji Ali, Mumbai, MH, IND, 400 034

Website

https://www.deltamagnetsgroup.com

Delta Manufacturing Ltd is a manufacturer of hard ferrite magnets. The company along with its subsidiaries manufactures ceramic magnets used in the automotive sector; soft ferrites that serve the electronics and automotive sector and also has a distribution house that deals in various kinds of magnets and magnet materials that are useful for various industries including electronics, retail, non-conventional energy, aerospace and automotive. Its operating segment includes Hard ferrites; Soft ferrites; Textiles and MagDev. The majority of the revenue is derived from the Textiles segment.

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