17. Rational Influence of Debt Structure Patterns on Sustainable Profitability: A Pragmatic Evidence from Tata Steel

The primary crux of this empirical study is to analyze the rational influence of debt structure patterns on the profitability position of Tata Steel. The financial data of Tata Steel were collected for the period of ten years, i.e., from 2013 to 2022. Three econometric models were developed by the researchers to analyze the influence of debt content patterns on the profitability position of the sample company. For measuring the profitability of the company, the financial indicator of ROTA was employed and STD to TA, LTD to TA and TD to TA were employed in this empirical study to identify the debt structure patterns of the company. To pragmatically analyze the cogent association between debt structure patterns and profitability position, three significant accounting models were developed and analyzed by using Ordinary Least Square (OLS) indicators. Since three accounting models clearly showed that the overall debt structure patterns have the substantial stimulus on the profitability position of Tata Steel. The best accounting model was also selected based upon the OLS indicators such as OLS AIC criterion, OLS SCH criterion and OLS HQ criterion.