De Neers Tools (NSE:DENEERS) Debt-to-Equity : 1.53 (As of Mar. 2022)

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What is De Neers Tools Debt-to-Equity?

De Neers Tools's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹120.8 Mil. De Neers Tools's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹243.6 Mil. De Neers Tools's Total Stockholders Equity for the quarter that ended in Mar. 2022 was ₹238.2 Mil. De Neers Tools's debt to equity for the quarter that ended in Mar. 2022 was 1.53.

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 De Neers Tools's Debt-to-Equity or its related term are showing as below:

NSE:DENEERS's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

De Neers Tools Debt-to-Equity Historical Data

The historical data trend for De Neers Tools'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.

De Neers Tools Debt-to-Equity Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Equity

1.92

6.77

1.53

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
Debt-to-Equity	1.92	6.77	1.53

Competitive Comparison of De Neers Tools's Debt-to-Equity

For the Tools & Accessories subindustry, De Neers Tools'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.

De Neers Tools's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where De Neers Tools's Debt-to-Equity falls into.

De Neers Tools Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

De Neers Tools's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(120.841	+	243.585)	/	238.227
	=	1.53

De Neers Tools's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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
	=	(120.841	+	243.585)	/	238.227
	=	1.53

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools Debt-to-Equity Related Terms

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De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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