Sanghi Industries (BOM:526521) Debt-to-Equity : 1.88 (As of Mar. 2024)

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What is Sanghi Industries Debt-to-Equity?

Sanghi Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13 Mil. Sanghi Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹20,824 Mil. Sanghi Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹11,108 Mil. Sanghi Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.88.

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 Sanghi Industries's Debt-to-Equity or its related term are showing as below:

BOM:526521' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.64 Max: 1.88
Current: 1.88

During the past 13 years, the highest Debt-to-Equity Ratio of Sanghi Industries was 1.88. The lowest was 0.37. And the median was 0.64.

BOM:526521's Debt-to-Equity is ranked worse than
95.2% of 354 companies
in the Building Materials industry
Industry Median: 0.38 vs BOM:526521: 1.88

Sanghi Industries Debt-to-Equity Historical Data

The historical data trend for Sanghi Industries'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.

Sanghi Industries Debt-to-Equity Chart

Sanghi Industries Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.74

0.79

0.76

0.99

1.88

Sanghi Industries 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															0.99	N/A	1.37	N/A	1.88

Competitive Comparison of Sanghi Industries's Debt-to-Equity

For the Building Materials subindustry, Sanghi Industries'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.

Sanghi Industries's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sanghi Industries's Debt-to-Equity distribution charts can be found below:

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

Sanghi Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanghi Industries'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
	=	(12.6	+	20823.6)	/	11107.9
	=	1.88

Sanghi Industries'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
	=	(12.6	+	20823.6)	/	11107.9
	=	1.88

Sanghi Industries (BOM:526521) 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.

Sanghi Industries Debt-to-Equity Related Terms

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

Sanghi Industries (BOM:526521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sanghi Industries Ltd (BOM:526521) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SANGHIIND:India

Address

Off. S.G. Highway, 10th Floor, Kataria Arcade, Post Makaraba, Ahmedabad, GJ, IND, 380 051

Website

https://www.sanghicement.com

Sanghi Industries Ltd is engaged in the manufacturing and marketing of cement and cement products. Its product portfolio includes Ordinary Portland Cement; Portland Pozzolana Cement and Portland Slag Cement. Geographically, it derives a majority of its revenue from India and is also engaged in the export of its products.

Sanghi Industries (BOM:526521) Headlines

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