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Tainwala Chemical and Plastic (I) (BOM:507785) Debt-to-EBITDA : 0.00 (As of Mar. 2024)


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What is Tainwala Chemical and Plastic (I) Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tainwala Chemical and Plastic (I)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Tainwala Chemical and Plastic (I)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Tainwala Chemical and Plastic (I)'s annualized EBITDA for the quarter that ended in Mar. 2024 was ₹-14.4 Mil. Tainwala Chemical and Plastic (I)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.00.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA or its related term are showing as below:

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tainwala Chemical and Plastic (I) was 0.18. The lowest was 0.00. And the median was 0.04.

BOM:507785's Debt-to-EBITDA is not ranked *
in the Chemicals industry.
Industry Median: 2.35
* Ranked among companies with meaningful Debt-to-EBITDA only.

Tainwala Chemical and Plastic (I) Debt-to-EBITDA Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA 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.

Tainwala Chemical and Plastic (I) Debt-to-EBITDA Chart

Tainwala Chemical and Plastic (I) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA
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Tainwala Chemical and Plastic (I) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA

For the Specialty Chemicals subindustry, Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA falls into.



Tainwala Chemical and Plastic (I) Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / 59.691
=0.00

Tainwala Chemical and Plastic (I)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -14.38
=0.00

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.


Tainwala Chemical and Plastic (I)  (BOM:507785) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Tainwala Chemical and Plastic (I) Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Tainwala Chemical and Plastic (I)'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

Traded in Other Exchanges
Address
Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093
Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

Tainwala Chemical and Plastic (I) (BOM:507785) Headlines

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