Dollex Agrotech (NSE:DOLLEX) Debt-to-Equity : 0.84 (As of Sep. 2023)

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What is Dollex Agrotech Debt-to-Equity?

Dollex Agrotech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹79 Mil. Dollex Agrotech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹367 Mil. Dollex Agrotech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹532 Mil. Dollex Agrotech's debt to equity for the quarter that ended in Sep. 2023 was 0.84.

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 Dollex Agrotech's Debt-to-Equity or its related term are showing as below:

NSE:DOLLEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.7 Max: 4.51
Current: 0.84

During the past 4 years, the highest Debt-to-Equity Ratio of Dollex Agrotech was 4.51. The lowest was 0.84. And the median was 1.70.

NSE:DOLLEX's Debt-to-Equity is ranked worse than
72.42% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSE:DOLLEX: 0.84

Dollex Agrotech Debt-to-Equity Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Debt-to-Equity Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

4.51

2.16

1.70

0.86

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			2.16	1.70	N/A	0.86	0.84

Competitive Comparison of Dollex Agrotech's Debt-to-Equity

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Dollex Agrotech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dollex Agrotech'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
	=	(100.767	+	328.433)	/	499.893
	=	0.86

Dollex Agrotech'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
	=	(79.038	+	367.292)	/	532.214
	=	0.84

Dollex Agrotech (NSE:DOLLEX) 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.

Dollex Agrotech Debt-to-Equity Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

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