Ramkrishna Forgings (BOM:532527) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Ramkrishna Forgings Debt-to-Equity?

Ramkrishna Forgings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,642 Mil. Ramkrishna Forgings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8,423 Mil. Ramkrishna Forgings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹26,841 Mil. Ramkrishna Forgings's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Ramkrishna Forgings's Debt-to-Equity or its related term are showing as below:

BOM:532527' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 1.27 Max: 2.04
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Ramkrishna Forgings was 2.04. The lowest was 0.45. And the median was 1.27.

BOM:532527's Debt-to-Equity is ranked worse than
63.54% of 2614 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:532527: 0.45

Ramkrishna Forgings Debt-to-Equity Historical Data

The historical data trend for Ramkrishna Forgings'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.

Ramkrishna Forgings Debt-to-Equity Chart

Ramkrishna Forgings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.13

1.40

1.51

1.01

0.45

Ramkrishna Forgings 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															1.01	N/A	1.01	N/A	0.45

Competitive Comparison of Ramkrishna Forgings's Debt-to-Equity

For the Tools & Accessories subindustry, Ramkrishna Forgings'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.

Ramkrishna Forgings's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Ramkrishna Forgings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ramkrishna Forgings'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
	=	(3642.434	+	8422.878)	/	26841.009
	=	0.45

Ramkrishna Forgings'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
	=	(3642.434	+	8422.878)	/	26841.009
	=	0.45

Ramkrishna Forgings (BOM:532527) 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.

Ramkrishna Forgings Debt-to-Equity Related Terms

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

Ramkrishna Forgings (BOM:532527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ramkrishna Forgings Ltd (BOM:532527) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RKFORGE:India

Address

23, Circus Avenue, 9th Floor, Kolkata, WB, IND, 700 017

Website

http://www.ramkrishnaforgings.com

Ramkrishna Forgings Ltd is an Indian based company, engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. Its forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants and other. Geographically the company caters its services to both domestic and overseas market.

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