Sharp Chucks and Machines (NSE:SCML) Debt-to-Equity : 1.73 (As of Mar. 2023)

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What is Sharp Chucks and Machines Debt-to-Equity?

Sharp Chucks and Machines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹595 Mil. Sharp Chucks and Machines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹308 Mil. Sharp Chucks and Machines's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹523 Mil. Sharp Chucks and Machines's debt to equity for the quarter that ended in Mar. 2023 was 1.73.

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 Sharp Chucks and Machines's Debt-to-Equity or its related term are showing as below:

NSE:SCML' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.48 Med: 1.73 Max: 2.17
Current: 1.73

During the past 3 years, the highest Debt-to-Equity Ratio of Sharp Chucks and Machines was 2.17. The lowest was 1.48. And the median was 1.73.

NSE:SCML's Debt-to-Equity is ranked worse than
94.94% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:SCML: 1.73

Sharp Chucks and Machines Debt-to-Equity Historical Data

The historical data trend for Sharp Chucks and Machines'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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Sharp Chucks and Machines Debt-to-Equity Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.48

2.17

1.73

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	1.48	2.17	1.73

Competitive Comparison of Sharp Chucks and Machines's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines'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.

Sharp Chucks and Machines's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Debt-to-Equity falls into.

Sharp Chucks and Machines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sharp Chucks and Machines'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
	=	(595.416	+	308.004)	/	523.479
	=	1.73

Sharp Chucks and Machines'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
	=	(595.416	+	308.004)	/	523.479
	=	1.73

Sharp Chucks and Machines (NSE:SCML) 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.

Sharp Chucks and Machines Debt-to-Equity Related Terms

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Sharp Chucks and Machines (NSE:SCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Sharp Chucks and Machines (NSE:SCML) Headlines

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