Somi Conveyor Beltings (BOM:533001) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Somi Conveyor Beltings Debt-to-Equity?

Somi Conveyor Beltings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Somi Conveyor Beltings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Somi Conveyor Beltings'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 Somi Conveyor Beltings's Debt-to-Equity or its related term are showing as below:

BOM:533001' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.39 Max: 0.66
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Somi Conveyor Beltings was 0.66. The lowest was 0.23. And the median was 0.39.

BOM:533001's Debt-to-Equity is ranked better than
56.97% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:533001: 0.23

Somi Conveyor Beltings Debt-to-Equity Historical Data

The historical data trend for Somi Conveyor Beltings'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.

Somi Conveyor Beltings Debt-to-Equity Chart

Somi Conveyor Beltings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.43

0.39

0.36

0.44

0.27

Somi Conveyor Beltings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.27	N/A	0.23	N/A

Competitive Comparison of Somi Conveyor Beltings's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Somi Conveyor Beltings'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.

Somi Conveyor Beltings's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Somi Conveyor Beltings's Debt-to-Equity falls into.

Somi Conveyor Beltings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Somi Conveyor Beltings'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
	=	(142.672	+	33.36)	/	664.995
	=	0.26

Somi Conveyor Beltings'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

Somi Conveyor Beltings (BOM:533001) 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.

Somi Conveyor Beltings Debt-to-Equity Related Terms

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

Somi Conveyor Beltings (BOM:533001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Somi Conveyor Beltings Ltd (BOM:533001) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOMICONVEY:India

Address

New Power House Road, 4 F-15, Oliver House, Near Bank of India, Jodhpur, IND, 342003

Website

https://www.somiinvestor.com

Somi Conveyor Beltings Ltd is a company engaged in the manufacture and sale of industrial conveyor belts. It offers products for the cement, sponge iron, power, and mining sectors. The product line of the company provides general-purpose, heat-resistant, fire-resistant, and oil-resistant conveyor belts. It also offers special-purpose conveyor belts, such as bulletproof, chevron, rough top, pipe conveyor, and fusion belts, as well as rubber sheets and mattings, maintenance conveyor belts, and steel cord beltings. The company operates in one single segment which is Manufacturing conveyor belts and generates revenue from the same.

Somi Conveyor Beltings (BOM:533001) Headlines

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