Everest Kanto Cylinder (NSE:EKC) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Everest Kanto Cylinder Debt-to-Equity?

Everest Kanto Cylinder's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Everest Kanto Cylinder's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Everest Kanto Cylinder's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Everest Kanto Cylinder's Debt-to-Equity or its related term are showing as below:

NSE:EKC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.66 Max: 1.67
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Everest Kanto Cylinder was 1.67. The lowest was 0.07. And the median was 0.66.

NSE:EKC's Debt-to-Equity is ranked better than
79.65% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:EKC: 0.07

Everest Kanto Cylinder Debt-to-Equity Historical Data

The historical data trend for Everest Kanto Cylinder'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.

Everest Kanto Cylinder Debt-to-Equity Chart

Everest Kanto Cylinder Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.65

0.58

0.35

0.14

0.12

Everest Kanto Cylinder Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.12	N/A	0.07	N/A

Competitive Comparison of Everest Kanto Cylinder's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.

Everest Kanto Cylinder's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Everest Kanto Cylinder's Debt-to-Equity falls into.

Everest Kanto Cylinder Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Everest Kanto Cylinder'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
	=	(972.981	+	219.847)	/	9990.713
	=	0.12

Everest Kanto Cylinder's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Everest Kanto Cylinder (NSE:EKC) 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.

Everest Kanto Cylinder Debt-to-Equity Related Terms

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Everest Kanto Cylinder (NSE:EKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Everest Kanto Cylinder Ltd (NSE:EKC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

532684:India

Address

Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.everestkanto.com

Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

Everest Kanto Cylinder (NSE:EKC) Headlines

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