R M Drip & Sprinklers Systems (NSE:RMDRIP) Debt-to-Equity : 0.31 (As of Sep. 2023)

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What is R M Drip & Sprinklers Systems Debt-to-Equity?

R M Drip & Sprinklers Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹48.4 Mil. R M Drip & Sprinklers Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹29.8 Mil. R M Drip & Sprinklers Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹248.7 Mil. R M Drip & Sprinklers Systems's debt to equity for the quarter that ended in Sep. 2023 was 0.31.

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 R M Drip & Sprinklers Systems's Debt-to-Equity or its related term are showing as below:

NSE:RMDRIP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.77 Max: 3.34
Current: 0.31

During the past 11 years, the highest Debt-to-Equity Ratio of R M Drip & Sprinklers Systems was 3.34. The lowest was 0.31. And the median was 0.77.

NSE:RMDRIP's Debt-to-Equity is ranked better than
59.24% of 184 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.42 vs NSE:RMDRIP: 0.31

R M Drip & Sprinklers Systems Debt-to-Equity Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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.

R M Drip & Sprinklers Systems Debt-to-Equity Chart

R M Drip & Sprinklers Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.81

0.61

0.64

0.62

0.59

R M Drip & Sprinklers Systems Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													N/A	0.62	0.99	0.59	0.31

Competitive Comparison of R M Drip & Sprinklers Systems's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, R M Drip & Sprinklers Systems'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.

R M Drip & Sprinklers Systems's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, R M Drip & Sprinklers Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where R M Drip & Sprinklers Systems's Debt-to-Equity falls into.

R M Drip & Sprinklers Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

R M Drip & Sprinklers Systems'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
	=	(42.169	+	33.411)	/	127.356
	=	0.59

R M Drip & Sprinklers Systems's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(48.39	+	29.753)	/	248.658
	=	0.31

R M Drip & Sprinklers Systems (NSE:RMDRIP) 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.

R M Drip & Sprinklers Systems Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of R M Drip & Sprinklers Systems's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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