Godawari Power & Ispat (BOM:532734) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Godawari Power & Ispat Debt-to-Equity?

Godawari Power & Ispat's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹424 Mil. Godawari Power & Ispat's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹92 Mil. Godawari Power & Ispat's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹44,959 Mil. Godawari Power & Ispat's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Godawari Power & Ispat's Debt-to-Equity or its related term are showing as below:

BOM:532734' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 1.42 Max: 3.18
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Godawari Power & Ispat was 3.18. The lowest was 0.01. And the median was 1.42.

BOM:532734's Debt-to-Equity is ranked better than
99.82% of 551 companies
in the Steel industry
Industry Median: 0.42 vs BOM:532734: 0.01

Godawari Power & Ispat Debt-to-Equity Historical Data

The historical data trend for Godawari Power & Ispat'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.

Godawari Power & Ispat Debt-to-Equity Chart

Godawari Power & Ispat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

1.23

0.44

0.13

0.08

0.01

Godawari Power & Ispat 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															0.08	N/A	0.02	N/A	0.01

Competitive Comparison of Godawari Power & Ispat's Debt-to-Equity

For the Steel subindustry, Godawari Power & Ispat'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.

Godawari Power & Ispat's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Godawari Power & Ispat's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Godawari Power & Ispat's Debt-to-Equity falls into.

Godawari Power & Ispat Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Godawari Power & Ispat'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
	=	(424.3	+	92)	/	44958.8
	=	0.01

Godawari Power & Ispat'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
	=	(424.3	+	92)	/	44958.8
	=	0.01

Godawari Power & Ispat (BOM:532734) 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.

Godawari Power & Ispat Debt-to-Equity Related Terms

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Godawari Power & Ispat (BOM:532734) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godawari Power & Ispat Ltd (BOM:532734) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GPIL:India

Address

Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur, CT, IND, 492004

Website

http://www.godawaripowerispat.com

Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.

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