Arfin India (BOM:539151) Debt-to-Equity : 1.24 (As of Mar. 2024)

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What is Arfin India Debt-to-Equity?

Arfin India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹919 Mil. Arfin India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹279 Mil. Arfin India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹964 Mil. Arfin India's debt to equity for the quarter that ended in Mar. 2024 was 1.24.

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

BOM:539151' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.12 Med: 1.38 Max: 1.9
Current: 1.24

During the past 10 years, the highest Debt-to-Equity Ratio of Arfin India was 1.90. The lowest was 1.12. And the median was 1.38.

BOM:539151's Debt-to-Equity is ranked worse than
89.39% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:539151: 1.24

Arfin India Debt-to-Equity Historical Data

The historical data trend for Arfin 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.

Arfin India Debt-to-Equity Chart

Arfin India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

1.69

1.59

1.44

1.27

1.24

Arfin 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															1.27	N/A	1.24	N/A	1.24

Competitive Comparison of Arfin India's Debt-to-Equity

For the Aluminum subindustry, Arfin 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.

Arfin India's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Arfin India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arfin 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
	=	(918.668	+	278.539)	/	963.591
	=	1.24

Arfin 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
	=	(918.668	+	278.539)	/	963.591
	=	1.24

Arfin India (BOM:539151) 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.

Arfin India Debt-to-Equity Related Terms

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

Arfin India (BOM:539151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arfin India Ltd (BOM:539151) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ashram Road, Gujarat Chamber of Commerce Building, B-302, 3 Floor, Pelican House, Near Natraj Cinema, Ahmedabad, GJ, IND, 380009

Website

https://www.arfin.co.in

Arfin India Ltd manufactures and sells aluminum products in India. It is engaged in the manufacturing, trading, and selling of non-ferrous metals products. The company's product lines include Aluminum Wire Rods, Aluminum Deox, Cored Wire, Alloy Products, Automobile Parts, and Cable and Conductors. It's Aluminum Deox includes Aluminum ingots, Aluminum cubes, Aluminum shots, and Aluminum sticks. The Cored Wire Mill products include Calcium Silicon Cored Wire, Ferro Silicon Cored Wire, Calcium Cored Wire, and Graphite Cored Wire.

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