Shalimar Paints (NSE:SHALPAINTS) Debt-to-Equity : N/A (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Shalimar Paints Debt-to-Equity?

Shalimar Paints's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Shalimar Paints's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Shalimar Paints'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 Shalimar Paints's Debt-to-Equity or its related term are showing as below:

NSE:SHALPAINTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.51 Max: 2.21
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Shalimar Paints was 2.21. The lowest was 0.27. And the median was 0.51.

NSE:SHALPAINTS's Debt-to-Equity is ranked worse than
54.83% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:SHALPAINTS: 0.40

Shalimar Paints Debt-to-Equity Historical Data

The historical data trend for Shalimar Paints'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.

Shalimar Paints Debt-to-Equity Chart

Shalimar Paints Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.50

0.45

0.59

0.39

0.40

Shalimar Paints 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	0.40	N/A	0.40	N/A

Competitive Comparison of Shalimar Paints's Debt-to-Equity

For the Specialty Chemicals subindustry, Shalimar Paints'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.

Shalimar Paints's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Shalimar Paints Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shalimar Paints'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
	=	(1251	+	149.7)	/	3525.5
	=	0.40

Shalimar Paints'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

Shalimar Paints (NSE:SHALPAINTS) 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.

Shalimar Paints Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Shalimar Paints's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shalimar Paints (NSE:SHALPAINTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shalimar Paints Ltd (NSE:SHALPAINTS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

509874:India

Address

Sector 32, 1st Floor, Plot No. 28, Gurugram, HR, IND, 122001

Website

https://www.shalimarpaints.com

Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. The company operates into one segment that is Paints. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products.

Shalimar Paints (NSE:SHALPAINTS) Headlines

No Headlines