Gulf Oil Lubricants India (BOM:538567) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Gulf Oil Lubricants India Debt-to-Equity?

Gulf Oil Lubricants India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,497 Mil. Gulf Oil Lubricants India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹156 Mil. Gulf Oil Lubricants India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹12,946 Mil. Gulf Oil Lubricants India's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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 Gulf Oil Lubricants India's Debt-to-Equity or its related term are showing as below:

BOM:538567' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.49 Max: 1.15
Current: 0.28

During the past 11 years, the highest Debt-to-Equity Ratio of Gulf Oil Lubricants India was 1.15. The lowest was 0.24. And the median was 0.49.

BOM:538567's Debt-to-Equity is ranked better than
57.61% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:538567: 0.28

Gulf Oil Lubricants India Debt-to-Equity Historical Data

The historical data trend for Gulf Oil Lubricants India'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.

Gulf Oil Lubricants India Debt-to-Equity Chart

Gulf Oil Lubricants India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.49

0.24

0.37

0.32

0.28

Gulf Oil Lubricants India 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															0.32	N/A	0.34	N/A	0.28

Competitive Comparison of Gulf Oil Lubricants India's Debt-to-Equity

For the Specialty Chemicals subindustry, Gulf Oil Lubricants India'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.

Gulf Oil Lubricants India's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gulf Oil Lubricants India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gulf Oil Lubricants India's Debt-to-Equity falls into.

Gulf Oil Lubricants India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gulf Oil Lubricants India'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
	=	(3496.612	+	155.851)	/	12946.063
	=	0.28

Gulf Oil Lubricants India'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
	=	(3496.612	+	155.851)	/	12946.063
	=	0.28

Gulf Oil Lubricants India (BOM:538567) 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.

Gulf Oil Lubricants India Debt-to-Equity Related Terms

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Gulf Oil Lubricants India (BOM:538567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Oil Lubricants India Ltd (BOM:538567) » Definitions » Debt-to-Equity

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GULFOILLUB:India

Address

IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.gulfoilindia.com

Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

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