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AMIC Forging (BOM:544037) Debt-to-Equity : 0.19 (As of Mar. 2023)


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What is AMIC Forging Debt-to-Equity?

AMIC Forging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹-4 Mil. AMIC Forging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹43 Mil. AMIC Forging's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹198 Mil. AMIC Forging's debt to equity for the quarter that ended in Mar. 2023 was 0.19.

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

BOM:544037' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19   Med: 0.64   Max: 1.4
Current: 0.19

During the past 3 years, the highest Debt-to-Equity Ratio of AMIC Forging was 1.40. The lowest was 0.19. And the median was 0.64.

BOM:544037's Debt-to-Equity is ranked better than
61.54% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs BOM:544037: 0.19

AMIC Forging Debt-to-Equity Historical Data

The historical data trend for AMIC Forging'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.

AMIC Forging Debt-to-Equity Chart

AMIC Forging Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
0.64 1.40 0.19

AMIC Forging Semi-Annual Data
Mar21 Mar22 Mar23
Debt-to-Equity 0.64 1.40 0.19

Competitive Comparison of AMIC Forging's Debt-to-Equity

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMIC Forging's Debt-to-Equity distribution charts can be found below:

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


AMIC Forging Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AMIC Forging'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
=(-3.995 + 42.512) / 198.375
=0.19

AMIC Forging's Debt to Equity Ratio for the quarter 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
=(-3.995 + 42.512) / 198.375
=0.19

* 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.

AMIC Forging  (BOM:544037) 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.

AMIC Forging Debt-to-Equity Related Terms

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

AMIC Forging (BOM:544037) Business Description

Industry
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Comparable Companies
Traded in Other Exchanges
N/A
Address
3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001
Website
https://www.amicforgings.com
AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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