Chothani Foods (BOM:540681) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is Chothani Foods Debt-to-Equity?

Chothani Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹4.95 Mil. Chothani Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹4.75 Mil. Chothani Foods's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹88.50 Mil. Chothani Foods's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 Chothani Foods's Debt-to-Equity or its related term are showing as below:

BOM:540681' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 1.09
Current: 0.11

During the past 10 years, the highest Debt-to-Equity Ratio of Chothani Foods was 1.09. The lowest was 0.11. And the median was 0.16.

BOM:540681's Debt-to-Equity is ranked better than
79.2% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs BOM:540681: 0.11

Chothani Foods Debt-to-Equity Historical Data

The historical data trend for Chothani Foods'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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Chothani Foods Debt-to-Equity Chart

Chothani Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.13

0.16

0.26

0.24

Chothani Foods Semi-Annual Data
	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												0.27	0.26	0.27	0.24	0.11

Competitive Comparison of Chothani Foods's Debt-to-Equity

For the Packaged Foods subindustry, Chothani Foods'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.

Chothani Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chothani Foods's Debt-to-Equity distribution charts can be found below:

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

Chothani Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chothani Foods'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
	=	(11.505	+	4.898)	/	68.085
	=	0.24

Chothani Foods'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
	=	(4.95	+	4.745)	/	88.504
	=	0.11

Chothani Foods (BOM:540681) 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.

Chothani Foods Debt-to-Equity Related Terms

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Chothani Foods (BOM:540681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chothani Foods Ltd (BOM:540681) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Office No. 408, B Wing, Dhamji Shamji Corporate Square, Laxmi Nagar, Ghatkopar East, Mumbai, MH, IND, 400075

Website

https://www.chothanifoodslimited.com

Chothani Foods Ltd is engaged in manufacturing and supplying different types of spices. The company has two brands "APPU MASALA" and "GAYATRI MASALA". With more than 30 types of Spices and Masalas like Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala, Punjabi Chole Masala, Biryani and Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder, Jeera Powder, White Pepper Powder, Turmeric Powder, etc.

Chothani Foods (BOM:540681) Headlines

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