Afloat Enterprises (BOM:543377) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Afloat Enterprises Debt-to-Equity?

Afloat Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Afloat Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Afloat Enterprises's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹51.10 Mil. Afloat Enterprises's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of Afloat Enterprises was 1.67. The lowest was 0.01. And the median was 0.84.

BOM:543377's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Afloat Enterprises Debt-to-Equity Historical Data

The historical data trend for Afloat Enterprises'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.

Afloat Enterprises Debt-to-Equity Chart

Afloat Enterprises Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

Afloat Enterprises Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Afloat Enterprises's Debt-to-Equity

For the Steel subindustry, Afloat Enterprises'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.

Afloat Enterprises's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Afloat Enterprises's Debt-to-Equity distribution charts can be found below:

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

Afloat Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afloat Enterprises'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
	=	(0	+	0)	/	51.102
	=	0.00

Afloat Enterprises'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
	=	(0	+	0)	/	51.102
	=	0.00

Afloat Enterprises (BOM:543377) 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.

Afloat Enterprises Debt-to-Equity Related Terms

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

Afloat Enterprises (BOM:543377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Afloat Enterprises Ltd (BOM:543377) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aggarwal Plaza, Plot 3, Shop 325, DDA Community Centre, Sector-14, Rohini, New Delhi, IND, 110085

Website

https://www.adishaktiloha.com

Afloat Enterprises Ltd is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Afloat Enterprises (BOM:543377) Headlines

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