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Vibhor Steel Tubes (NSE:VSTL) Debt-to-Equity : 1.84 (As of Sep. 2023)


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What is Vibhor Steel Tubes Debt-to-Equity?

Vibhor Steel Tubes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹1,672 Mil. Vibhor Steel Tubes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹194 Mil. Vibhor Steel Tubes's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹1,018 Mil. Vibhor Steel Tubes's debt to equity for the quarter that ended in Sep. 2023 was 1.83.

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 Vibhor Steel Tubes's Debt-to-Equity or its related term are showing as below:

NSE:VSTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23   Med: 1.7   Max: 1.84
Current: 1.84

During the past 3 years, the highest Debt-to-Equity Ratio of Vibhor Steel Tubes was 1.84. The lowest was 1.23. And the median was 1.70.

NSE:VSTL's Debt-to-Equity is ranked worse than
91.16% of 554 companies
in the Steel industry
Industry Median: 0.4 vs NSE:VSTL: 1.84

Vibhor Steel Tubes Debt-to-Equity Historical Data

The historical data trend for Vibhor Steel Tubes'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.

Vibhor Steel Tubes Debt-to-Equity Chart

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
1.23 1.77 1.64

Vibhor Steel Tubes Quarterly Data
Mar21 Mar22 Mar23 Sep23
Debt-to-Equity 1.23 1.77 1.64 1.84

Competitive Comparison of Vibhor Steel Tubes's Debt-to-Equity

For the Steel subindustry, Vibhor Steel Tubes'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.

Vibhor Steel Tubes's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vibhor Steel Tubes's Debt-to-Equity falls into.


Vibhor Steel Tubes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vibhor Steel Tubes'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
=(1388.642 + 135.134) / 931.979
=1.63

Vibhor Steel Tubes'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
=(1672.323 + 194.429) / 1017.553
=1.83

* 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.

Vibhor Steel Tubes  (NSE:VSTL) 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.

Vibhor Steel Tubes Debt-to-Equity Related Terms

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Vibhor Steel Tubes (NSE:VSTL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vibhor Steel Tubes Ltd (NSE:VSTL) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
544124:India
Address
Website
Vibhor Steel Tubes Ltd is a manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.

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