Borosil (BOM:543212) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Borosil Debt-to-Equity?

Borosil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹628 Mil. Borosil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,021 Mil. Borosil's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹5,800 Mil. Borosil's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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

BOM:543212' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 10.21
Current: 0.28

During the past 7 years, the highest Debt-to-Equity Ratio of Borosil was 10.21. The lowest was 0.00. And the median was 0.12.

BOM:543212's Debt-to-Equity is ranked better than
55.79% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs BOM:543212: 0.28

Borosil Debt-to-Equity Historical Data

The historical data trend for Borosil'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.

Borosil Debt-to-Equity Chart

Borosil Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.08

0.01

0.12

0.28

Borosil Quarterly Data
	Mar19	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															0.12	N/A	0.26	N/A	0.28

Competitive Comparison of Borosil's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Borosil'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.

Borosil's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Borosil's Debt-to-Equity distribution charts can be found below:

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

Borosil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Borosil'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
	=	(627.829	+	1020.662)	/	5800.011
	=	0.28

Borosil'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
	=	(627.829	+	1020.662)	/	5800.011
	=	0.28

Borosil (BOM:543212) 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.

Borosil Debt-to-Equity Related Terms

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

Borosil (BOM:543212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Borosil Ltd (BOM:543212) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BOROLTD:India

Address

1101, Crescenzo, G-Block, Plot No C-38, Opposite MCA Club, 11th Floor, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.borosil.com

Borosil Ltd is a consumer glassware company. The company is engaged in the manufacturing and trading of consumer-ware tableware items. Its business segments include Consumerware comprising of manufacturing and trading of items for domestic use. Scientificware comprises of manufacturing and trading of items used in laboratories, scientific ware, and pharmaceutical packaging. Investments comprising Investment activities. Geographically, the firm generates a majority of its revenue from India.

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