Tamilnadu Petroproducts (BOM:500777) Debt-to-Equity : 0.02 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Tamilnadu Petroproducts Debt-to-Equity?

Tamilnadu Petroproducts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹44 Mil. Tamilnadu Petroproducts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹136 Mil. Tamilnadu Petroproducts's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8,595 Mil. Tamilnadu Petroproducts's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Tamilnadu Petroproducts's Debt-to-Equity or its related term are showing as below:

BOM:500777' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.36
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Tamilnadu Petroproducts was 0.36. The lowest was 0.02. And the median was 0.09.

BOM:500777's Debt-to-Equity is ranked better than
96.19% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:500777: 0.02

Tamilnadu Petroproducts Debt-to-Equity Historical Data

The historical data trend for Tamilnadu Petroproducts'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.

Tamilnadu Petroproducts Debt-to-Equity Chart

Tamilnadu Petroproducts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.08

0.09

0.08

0.09

0.02

Tamilnadu Petroproducts Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	N/A	0.03	N/A	0.02

Competitive Comparison of Tamilnadu Petroproducts's Debt-to-Equity

For the Specialty Chemicals subindustry, Tamilnadu Petroproducts'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.

Tamilnadu Petroproducts's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Tamilnadu Petroproducts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tamilnadu Petroproducts's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(43.8	+	136.2)	/	8594.6
	=	0.02

Tamilnadu Petroproducts's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(43.8	+	136.2)	/	8594.6
	=	0.02

Tamilnadu Petroproducts (BOM:500777) 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.

Tamilnadu Petroproducts Debt-to-Equity Related Terms

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

Tamilnadu Petroproducts (BOM:500777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tamilnadu Petroproducts Ltd (BOM:500777) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TNPETRO:India

Address

Manali Express Highway, Manali, Chennai, TN, IND, 600 068

Website

https://www.tnpetro.com

Tamilnadu Petroproducts Ltd is engaged in the manufacturing and sale of petrochemical products. Its product portfolio includes Linear Alkyl Benzene (LAB), Caustic Soda Chlorine, and Derivatives. The company derives maximum revenue from the sale of Linear Alkyl Benzene (LAB) products. The company has its unit situated in Manali, Chennai. Geographically, it generates a majority of revenue from India.

Tamilnadu Petroproducts (BOM:500777) Headlines

No Headlines