Pyramid Technoplast (NSE:PYRAMID) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Pyramid Technoplast Debt-to-Equity?

Pyramid Technoplast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹184 Mil. Pyramid Technoplast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹15 Mil. Pyramid Technoplast's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,222 Mil. Pyramid Technoplast's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Pyramid Technoplast's Debt-to-Equity or its related term are showing as below:

NSE:PYRAMID' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.87 Max: 1.5
Current: 0.09

During the past 5 years, the highest Debt-to-Equity Ratio of Pyramid Technoplast was 1.50. The lowest was 0.09. And the median was 0.87.

NSE:PYRAMID's Debt-to-Equity is ranked better than
81.38% of 349 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs NSE:PYRAMID: 0.09

Pyramid Technoplast Debt-to-Equity Historical Data

The historical data trend for Pyramid Technoplast'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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Pyramid Technoplast Debt-to-Equity Chart

Pyramid Technoplast Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

1.50

1.07

0.87

0.52

0.09

Pyramid Technoplast Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.87	0.53	0.52	0.03	0.09

Competitive Comparison of Pyramid Technoplast's Debt-to-Equity

For the Packaging & Containers subindustry, Pyramid Technoplast'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.

Pyramid Technoplast's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Pyramid Technoplast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pyramid Technoplast'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
	=	(184.43	+	15.424)	/	2221.985
	=	0.09

Pyramid Technoplast'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
	=	(184.43	+	15.424)	/	2221.985
	=	0.09

Pyramid Technoplast (NSE:PYRAMID) 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.

Pyramid Technoplast Debt-to-Equity Related Terms

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Pyramid Technoplast (NSE:PYRAMID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pyramid Technoplast Ltd (NSE:PYRAMID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

543969:India

Address

Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067

Website

https://www.pyramidtechnoplast.com

Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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