Sanginita Chemicals (NSE:SANGINITA) Debt-to-Equity : 0.78 (As of Sep. 2023)

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What is Sanginita Chemicals Debt-to-Equity?

Sanginita Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹291 Mil. Sanginita Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹30 Mil. Sanginita Chemicals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹410 Mil. Sanginita Chemicals's debt to equity for the quarter that ended in Sep. 2023 was 0.78.

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 Sanginita Chemicals's Debt-to-Equity or its related term are showing as below:

NSE:SANGINITA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.88 Max: 1.61
Current: 0.78

During the past 12 years, the highest Debt-to-Equity Ratio of Sanginita Chemicals was 1.61. The lowest was 0.71. And the median was 0.88.

NSE:SANGINITA's Debt-to-Equity is ranked worse than
76.72% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:SANGINITA: 0.78

Sanginita Chemicals Debt-to-Equity Historical Data

The historical data trend for Sanginita Chemicals'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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Sanginita Chemicals Debt-to-Equity Chart

Sanginita Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.83

0.91

0.74

0.87

0.71

Sanginita Chemicals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.79	N/A	0.71	N/A	0.78

Competitive Comparison of Sanginita Chemicals's Debt-to-Equity

For the Chemicals subindustry, Sanginita Chemicals'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.

Sanginita Chemicals's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sanginita Chemicals's Debt-to-Equity distribution charts can be found below:

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

Sanginita Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanginita Chemicals'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
	=	(265.15	+	20.65)	/	401.368
	=	0.71

Sanginita Chemicals'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
	=	(290.986	+	30.1)	/	410.356
	=	0.78

Sanginita Chemicals (NSE:SANGINITA) 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.

Sanginita Chemicals Debt-to-Equity Related Terms

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Sanginita Chemicals (NSE:SANGINITA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanginita Chemicals Ltd (NSE:SANGINITA) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ch-Road, 301, 3rd Floor, Shalin Complex, Behind Megh-Malhar Complex, Sector -11, Gandhinagar, GJ, IND, 382011

Website

http://www.sanginitachemicals.co.in

Sanginita Chemicals Ltd is engaged in the manufacturing of inorganic metal-based chemicals. It offers Cuprous Chloride, Copper Sulphate, Copper Phthalocyanine Blue Crude, and Cupric Chloride. The company's products are widely used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, Carbon paper, PVC pipe coating industries, and others. In addition, the company also undertakes the production of various other chemical products.

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