Indian Railway Catering And Tourism (BOM:542830) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Indian Railway Catering And Tourism Debt-to-Equity?

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

BOM:542830' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.08
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Indian Railway Catering And Tourism was 0.08. The lowest was 0.02. And the median was 0.06.

BOM:542830's Debt-to-Equity is ranked better than
98.64% of 882 companies
in the Transportation industry
Industry Median: 0.555 vs BOM:542830: 0.02

Indian Railway Catering And Tourism Debt-to-Equity Historical Data

The historical data trend for Indian Railway Catering And Tourism'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.

Indian Railway Catering And Tourism Debt-to-Equity Chart

Indian Railway Catering And Tourism Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.06

0.03

Indian Railway Catering And Tourism Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.03	N/A	0.02	N/A

Competitive Comparison of Indian Railway Catering And Tourism's Debt-to-Equity

For the Railroads subindustry, Indian Railway Catering And Tourism'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.

Indian Railway Catering And Tourism's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Indian Railway Catering And Tourism's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Indian Railway Catering And Tourism's Debt-to-Equity falls into.

Indian Railway Catering And Tourism Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indian Railway Catering And Tourism'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
	=	(247.111	+	594.511)	/	24784.041
	=	0.03

Indian Railway Catering And Tourism'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

Indian Railway Catering And Tourism (BOM:542830) 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.

Indian Railway Catering And Tourism Debt-to-Equity Related Terms

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Indian Railway Catering And Tourism (BOM:542830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Indian Railway Catering And Tourism Corp Ltd (BOM:542830) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IRCTC:India

Address

Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001

Website

https://www.irctc.com

Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

Indian Railway Catering And Tourism (BOM:542830) Headlines

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