Balkrishna Industries (NSE:BALKRISIND) Debt-to-Equity : 0.35 (As of Mar. 2024)

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What is Balkrishna Industries Debt-to-Equity?

Balkrishna Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹24,040 Mil. Balkrishna Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,955 Mil. Balkrishna Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹88,538 Mil. Balkrishna Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.35.

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

NSE:BALKRISIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.36 Max: 0.95
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Balkrishna Industries was 0.95. The lowest was 0.17. And the median was 0.36.

NSE:BALKRISIND's Debt-to-Equity is ranked better than
60.29% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:BALKRISIND: 0.35

Balkrishna Industries Debt-to-Equity Historical Data

The historical data trend for Balkrishna Industries'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.

Balkrishna Industries Debt-to-Equity Chart

Balkrishna Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.19

0.17

0.37

0.44

0.35

Balkrishna Industries Quarterly Data
	Jun19	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															0.44	N/A	0.36	N/A	0.35

Competitive Comparison of Balkrishna Industries's Debt-to-Equity

For the Auto Parts subindustry, Balkrishna Industries'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.

Balkrishna Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Balkrishna Industries's Debt-to-Equity distribution charts can be found below:

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

Balkrishna Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Balkrishna Industries'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
	=	(24039.9	+	6954.5)	/	88538.2
	=	0.35

Balkrishna Industries'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
	=	(24039.9	+	6954.5)	/	88538.2
	=	0.35

Balkrishna Industries (NSE:BALKRISIND) 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.

Balkrishna Industries Debt-to-Equity Related Terms

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Balkrishna Industries (NSE:BALKRISIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balkrishna Industries Ltd (NSE:BALKRISIND) » Definitions » Debt-to-Equity

Traded in Other Exchanges

502355:India

Address

Senapati Bapat Marg, BKT House, C/15, Trade World, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.bkt-tires.com

Balkrishna Industries Ltd is a manufacturer of Off-Highway tires. The company serves original equipment manufacturers and customers in the replacement market. Tire products are utilized in agricultural and forestry, industrial markets, earthmoving, construction, port, mining, ATV, and gardening applications. Based out of India, the majority of Balkrishna's revenue is derived from international markets. Marketing and sales of tire products are conducted through wholly owned subsidiaries located in both Europe and North America.

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