Shiva Granito Export (BOM:540072) Debt-to-Equity : 0.74 (As of Sep. 2023)

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What is Shiva Granito Export Debt-to-Equity?

Shiva Granito Export's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹36.04 Mil. Shiva Granito Export's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹13.88 Mil. Shiva Granito Export's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹67.13 Mil. Shiva Granito Export's debt to equity for the quarter that ended in Sep. 2023 was 0.74.

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 Shiva Granito Export's Debt-to-Equity or its related term are showing as below:

BOM:540072' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.59 Max: 1.76
Current: 0.74

During the past 12 years, the highest Debt-to-Equity Ratio of Shiva Granito Export was 1.76. The lowest was 0.24. And the median was 0.59.

BOM:540072's Debt-to-Equity is ranked worse than
77.05% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs BOM:540072: 0.74

Shiva Granito Export Debt-to-Equity Historical Data

The historical data trend for Shiva Granito Export'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.

Shiva Granito Export Debt-to-Equity Chart

Shiva Granito Export Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.52

0.53

0.39

0.36

0.62

Shiva Granito Export Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.36	0.29	0.62	0.74

Competitive Comparison of Shiva Granito Export's Debt-to-Equity

For the Building Materials subindustry, Shiva Granito Export'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.

Shiva Granito Export's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shiva Granito Export's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shiva Granito Export's Debt-to-Equity falls into.

Shiva Granito Export Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiva Granito Export'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
	=	(0.311	+	0.102)	/	0.663
	=	0.62

Shiva Granito Export's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(36.044	+	13.882)	/	67.13
	=	0.74

Shiva Granito Export (BOM:540072) 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.

Shiva Granito Export Debt-to-Equity Related Terms

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Shiva Granito Export (BOM:540072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shiva Granito Export Ltd (BOM:540072) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Bhatt ji Ki Baari, Udaipur, RJ, IND, 313001

Website

http://www.shivaexport.in

Shiva Granito Export Ltd is an exporter of marble and granite. It offers products including mineral powder, artificial quartz slabs, chemicals, countertops, marble, and granite. It has a manufacturing plant for Engineered Quartz Stone Slabs, different grades of Resins, Quartz Powder, and Statues.

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