Garware Hi-Tech Films (BOM:500655) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Garware Hi-Tech Films Debt-to-Equity?

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

BOM:500655' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.59
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Garware Hi-Tech Films was 0.59. The lowest was 0.03. And the median was 0.12.

BOM:500655's Debt-to-Equity is ranked better than
91.69% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:500655: 0.03

Garware Hi-Tech Films Debt-to-Equity Historical Data

The historical data trend for Garware Hi-Tech Films'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.

Garware Hi-Tech Films Debt-to-Equity Chart

Garware Hi-Tech Films Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.12

0.10

0.12

0.09

Garware Hi-Tech Films 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	0.09	N/A	0.03	N/A

Competitive Comparison of Garware Hi-Tech Films's Debt-to-Equity

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.

Garware Hi-Tech Films's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Garware Hi-Tech Films's Debt-to-Equity falls into.

Garware Hi-Tech Films Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garware Hi-Tech Films'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
	=	(724.38	+	847.527)	/	18558.186
	=	0.08

Garware Hi-Tech Films'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

Garware Hi-Tech Films (BOM:500655) 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.

Garware Hi-Tech Films Debt-to-Equity Related Terms

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Garware Hi-Tech Films (BOM:500655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (BOM:500655) » Definitions » Debt-to-Equity

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GRWRHITECH:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057

Website

https://www.garwarepoly.com

Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.

Garware Hi-Tech Films (BOM:500655) Headlines

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