Manaksia Aluminium Co (BOM:539045) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Manaksia Aluminium Co Debt-to-Equity?

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

BOM:539045' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.92 Max: 1.2
Current: 1.2

During the past 10 years, the highest Debt-to-Equity Ratio of Manaksia Aluminium Co was 1.20. The lowest was 0.45. And the median was 0.92.

BOM:539045's Debt-to-Equity is ranked worse than
89.71% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:539045: 1.20

Manaksia Aluminium Co Debt-to-Equity Historical Data

The historical data trend for Manaksia Aluminium Co'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.

Manaksia Aluminium Co Debt-to-Equity Chart

Manaksia Aluminium Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.62

0.67

1.02

1.11

1.17

Manaksia Aluminium Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.18	N/A	1.17	1.20	N/A

Competitive Comparison of Manaksia Aluminium Co's Debt-to-Equity

For the Aluminum subindustry, Manaksia Aluminium Co'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.

Manaksia Aluminium Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Manaksia Aluminium Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Manaksia Aluminium Co's Debt-to-Equity falls into.

Manaksia Aluminium Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manaksia Aluminium Co'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
	=	(1029.243	+	433.184)	/	1251.168
	=	1.17

Manaksia Aluminium Co'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

Manaksia Aluminium Co (BOM:539045) 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.

Manaksia Aluminium Co Debt-to-Equity Related Terms

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Manaksia Aluminium Co (BOM:539045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Manaksia Aluminium Co Ltd (BOM:539045) » Definitions » Debt-to-Equity

Traded in Other Exchanges

MANAKALUCO:India

Address

8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata, WB, IND, 700 001

Website

https://www.manaksiaaluminium.com

Manaksia Aluminium Co Ltd is an Indian company engaged in manufacturing Aluminium rolled products and Aluminium alloy ingots. The products offered by the firm are Aluminium Coils, Aluminium Plain Sheets, Aluminium Roofing Sheets, Aluminium Color Coated Coils, Aluminium Flooring Sheets and Embossed Coils. The company has operations in India as well as overseas. It generates a vast majority of the revenue from the sale of products in the overseas market.

Manaksia Aluminium Co (BOM:539045) Headlines

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