Jumbo Bag (BOM:516078) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Jumbo Bag Debt-to-Equity?

Jumbo Bag's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹311 Mil. Jumbo Bag's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹64 Mil. Jumbo Bag's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹336 Mil. Jumbo Bag's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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 Jumbo Bag's Debt-to-Equity or its related term are showing as below:

BOM:516078' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.12 Med: 1.63 Max: 3.4
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Jumbo Bag was 3.40. The lowest was 1.12. And the median was 1.63.

BOM:516078's Debt-to-Equity is ranked worse than
83.72% of 344 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BOM:516078: 1.12

Jumbo Bag Debt-to-Equity Historical Data

The historical data trend for Jumbo Bag'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.

Jumbo Bag Debt-to-Equity Chart

Jumbo Bag Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.39

1.52

1.56

1.32

1.12

Jumbo Bag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.32	N/A	1.25	N/A	1.12

Competitive Comparison of Jumbo Bag's Debt-to-Equity

For the Packaging & Containers subindustry, Jumbo Bag'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.

Jumbo Bag's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jumbo Bag's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jumbo Bag's Debt-to-Equity falls into.

Jumbo Bag Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jumbo Bag's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(311.092	+	64.19)	/	335.978
	=	1.12

Jumbo Bag's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(311.092	+	64.19)	/	335.978
	=	1.12

Jumbo Bag (BOM:516078) 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.

Jumbo Bag Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jumbo Bag's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jumbo Bag (BOM:516078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jumbo Bag Ltd (BOM:516078) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, Nowroji Road, Chetpet, S.K. Enclave, New No. 4 (Old No. 47), Chennai, TN, IND, 600 031

Website

https://www.jumbobaglimited.com

Jumbo Bag Ltd is an India-based company. The company is engaged in the manufacturing of Flexible Intermediate Bulk Bags (FIBC bags) generally used for industrial purposes. Its operating segment includes Manufacturing and Trading. The Trading segment involves trading of Polymers. It generates maximum revenue from the Manufacturing segment. The company products are widely used for storage, transportation and handling of powder, flake or granular materials.

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