TTK Prestige (NSE:TTKPRESTIG) Debt-to-Equity : N/A (As of Dec. 2023)

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What is TTK Prestige Debt-to-Equity?

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

NSE:TTKPRESTIG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.23
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of TTK Prestige was 0.23. The lowest was 0.03. And the median was 0.07.

NSE:TTKPRESTIG's Debt-to-Equity is ranked better than
80.37% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.345 vs NSE:TTKPRESTIG: 0.08

TTK Prestige Debt-to-Equity Historical Data

The historical data trend for TTK Prestige'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.

TTK Prestige Debt-to-Equity Chart

TTK Prestige Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.08

0.07

0.06

0.05

0.07

TTK Prestige 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	0.07	N/A	0.08	N/A

Competitive Comparison of TTK Prestige's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, TTK Prestige'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.

TTK Prestige's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TTK Prestige's Debt-to-Equity distribution charts can be found below:

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

TTK Prestige Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TTK Prestige'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
	=	(131.7	+	1177.3)	/	19384.5
	=	0.07

TTK Prestige'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

TTK Prestige (NSE:TTKPRESTIG) 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.

TTK Prestige Debt-to-Equity Related Terms

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

TTK Prestige (NSE:TTKPRESTIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TTK Prestige Ltd (NSE:TTKPRESTIG) » Definitions » Debt-to-Equity

Traded in Other Exchanges

517506:India

Address

1/1 & 1/2 Nagarjuna Castle, Wood Street, Richmond Town, Bengaluru, KA, IND, 560025

Website

https://www.ttkprestige.com

TTK Prestige Ltd is an Indian company that sells a variety of kitchen appliances and products. Although it primarily operates and manufactures its products in India, the company also exports its products to the U.S., Europe, South Africa, Kenya, Australia, Singapore, the Middle East, and Sri Lanka. Its kitchen appliances are divided into the Pressure Cookers group, Cookware group, Kitchen group, and Gas Stoves group among others. The majority of the company's revenue is derived from its operations in India. Despite traditionally selling pressure cookers, the company has shifted its model to be a complete kitchen solution provider. The core brands of the company include Prestige, Prestige Smart Kitchen, and others.

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