Akanksha Power and Infrastructure (NSE:AKANKSHA) Debt-to-Equity : 0.96 (As of Mar. 2023)

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What is Akanksha Power and Infrastructure Debt-to-Equity?

Akanksha Power and Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹142.2 Mil. Akanksha Power and Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹10.5 Mil. Akanksha Power and Infrastructure's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹159.6 Mil. Akanksha Power and Infrastructure's debt to equity for the quarter that ended in Mar. 2023 was 0.96.

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 Akanksha Power and Infrastructure's Debt-to-Equity or its related term are showing as below:

NSE:AKANKSHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 0.9 Max: 1.14
Current: 0.96

During the past 4 years, the highest Debt-to-Equity Ratio of Akanksha Power and Infrastructure was 1.14. The lowest was 0.81. And the median was 0.90.

NSE:AKANKSHA's Debt-to-Equity is ranked worse than
85.7% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:AKANKSHA: 0.96

Akanksha Power and Infrastructure Debt-to-Equity Historical Data

The historical data trend for Akanksha Power and Infrastructure'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.

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Akanksha Power and Infrastructure Debt-to-Equity Chart

Akanksha Power and Infrastructure Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.14

0.84

0.81

0.96

Akanksha Power and Infrastructure Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	1.14	0.84	0.81	0.96

Competitive Comparison of Akanksha Power and Infrastructure's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Akanksha Power and Infrastructure'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.

Akanksha Power and Infrastructure's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Akanksha Power and Infrastructure's Debt-to-Equity falls into.

Akanksha Power and Infrastructure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akanksha Power and Infrastructure'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
	=	(142.235	+	10.533)	/	159.594
	=	0.96

Akanksha Power and Infrastructure'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
	=	(142.235	+	10.533)	/	159.594
	=	0.96

Akanksha Power and Infrastructure (NSE:AKANKSHA) 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.

Akanksha Power and Infrastructure Debt-to-Equity Related Terms

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Akanksha Power and Infrastructure (NSE:AKANKSHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Akanksha Power and Infrastructure Ltd (NSE:AKANKSHA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 87/4, MIDC, Satpur, Nashik, MH, IND, 422007

Website

https://www.apil.co.in

Akanksha Power and Infrastructure Ltd is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities.. It design, Manufacturing and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panel (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure) , in addition to engineering and execution of electrical turnkey projects.

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