Comrade Appliances (BOM:543921) Debt-to-Equity : 0.74 (As of Sep. 2023)

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What is Comrade Appliances Debt-to-Equity?

Comrade Appliances's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹63.97 Mil. Comrade Appliances's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹37.25 Mil. Comrade Appliances's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹137.45 Mil. Comrade Appliances'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 Comrade Appliances's Debt-to-Equity or its related term are showing as below:

BOM:543921' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.96 Max: 3.05
Current: 0.74

During the past 4 years, the highest Debt-to-Equity Ratio of Comrade Appliances was 3.05. The lowest was 0.74. And the median was 1.96.

BOM:543921's Debt-to-Equity is ranked worse than
76.05% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs BOM:543921: 0.74

Comrade Appliances Debt-to-Equity Historical Data

The historical data trend for Comrade Appliances'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.

Comrade Appliances Debt-to-Equity Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.37

3.05

2.22

1.96

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			3.05	2.22	N/A	1.96	0.74

Competitive Comparison of Comrade Appliances's Debt-to-Equity

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

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

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

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

Comrade Appliances Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comrade Appliances'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
	=	(106.799	+	28.263)	/	68.941
	=	1.96

Comrade Appliances'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
	=	(63.966	+	37.249)	/	137.454
	=	0.74

Comrade Appliances (BOM:543921) 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.

Comrade Appliances Debt-to-Equity Related Terms

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Comrade Appliances (BOM:543921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company operates in one Geographical Segment namely within India.

Comrade Appliances (BOM:543921) Headlines

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