India Grid Trust (BOM:540565) Debt-to-Equity : 3.73 (As of Sep. 2023)

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What is India Grid Trust Debt-to-Equity?

India Grid Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹24,544 Mil. India Grid Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹162,552 Mil. India Grid Trust's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹50,124 Mil. India Grid Trust's debt to equity for the quarter that ended in Sep. 2023 was 3.73.

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

BOM:540565' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.27 Max: 16.06
Current: 3.73

During the past 9 years, the highest Debt-to-Equity Ratio of India Grid Trust was 16.06. The lowest was 0.32. And the median was 1.27.

BOM:540565's Debt-to-Equity is ranked worse than
92.07% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs BOM:540565: 3.73

India Grid Trust Debt-to-Equity Historical Data

The historical data trend for India Grid Trust'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.

India Grid Trust Debt-to-Equity Chart

India Grid Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.98

1.27

3.11

2.46

2.93

India Grid Trust Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	N/A	N/A	2.93	3.73

Competitive Comparison of India Grid Trust's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, India Grid Trust'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.

India Grid Trust's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, India Grid Trust's Debt-to-Equity distribution charts can be found below:

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

India Grid Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

India Grid Trust'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
	=	(9281.76	+	135767.88)	/	49576.95
	=	2.93

India Grid Trust'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
	=	(24543.61	+	162552.45)	/	50124.46
	=	3.73

India Grid Trust (BOM:540565) 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.

India Grid Trust Debt-to-Equity Related Terms

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India Grid Trust (BOM:540565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » India Grid Trust (BOM:540565) » Definitions » Debt-to-Equity

Traded in Other Exchanges

INDIGRID:India

Address

Off CST Road, Vidyanagari Marg, Unit No. 101, First Floor, Windsor, Village KoleKalyan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098

Website

https://www.indigrid.co.in

India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. Its asset portfolio comprises nine power transmission projects located across 18 states and 1 union territory in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines.

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