Elgi Rubber Co (NSE:ELGIRUBCO) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Elgi Rubber Co Debt-to-Equity?

Elgi Rubber Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Elgi Rubber Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Elgi Rubber Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Elgi Rubber Co's Debt-to-Equity or its related term are showing as below:

NSE:ELGIRUBCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 1.2 Max: 1.53
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Elgi Rubber Co was 1.53. The lowest was 0.50. And the median was 1.20.

NSE:ELGIRUBCO's Debt-to-Equity is ranked worse than
84.97% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:ELGIRUBCO: 1.45

Elgi Rubber Co Debt-to-Equity Historical Data

The historical data trend for Elgi Rubber Co'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.

Elgi Rubber Co Debt-to-Equity Chart

Elgi Rubber Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.28

1.45

1.33

1.44

1.47

Elgi Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.47	N/A	1.45	N/A

Competitive Comparison of Elgi Rubber Co's Debt-to-Equity

For the Auto Parts subindustry, Elgi Rubber Co'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.

Elgi Rubber Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Elgi Rubber Co's Debt-to-Equity falls into.

Elgi Rubber Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elgi Rubber Co'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
	=	(1949.59	+	763.83)	/	1840.46
	=	1.47

Elgi Rubber Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Elgi Rubber Co (NSE:ELGIRUBCO) 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.

Elgi Rubber Co Debt-to-Equity Related Terms

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Elgi Rubber Co (NSE:ELGIRUBCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Elgi Rubber Co Ltd (NSE:ELGIRUBCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Super A Unit, Coimbatore Private Industrial Estate, Coimbatore, TN, IND, 641 021

Website

http://www.elgirubber.com

Elgi Rubber Co Ltd provides solutions to Rubber Industry and is engaged in the business of manufacturing Reclaimed Rubber, Retreading machinery, and Retread rubber. The company has only one business segment, that is, manufacture of Reclaimed rubber and allied activities. Geographically, it derives a majority of its revenue from India. The company sells its product under various brands such as Jet, CRS (Cincinnati Retread Systems, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. Its business operation comprises a single operating segment being Rubber Industry.

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