Reliance Chemotex Industries (BOM:503162) Debt-to-Equity : 2.10 (As of Mar. 2024)

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What is Reliance Chemotex Industries Debt-to-Equity?

Reliance Chemotex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,292 Mil. Reliance Chemotex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,518 Mil. Reliance Chemotex Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,336 Mil. Reliance Chemotex Industries's debt to equity for the quarter that ended in Mar. 2024 was 2.10.

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 Reliance Chemotex Industries's Debt-to-Equity or its related term are showing as below:

BOM:503162' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 1.36 Max: 2.1
Current: 2.1

During the past 13 years, the highest Debt-to-Equity Ratio of Reliance Chemotex Industries was 2.10. The lowest was 0.68. And the median was 1.36.

BOM:503162's Debt-to-Equity is ranked worse than
92.02% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs BOM:503162: 2.10

Reliance Chemotex Industries Debt-to-Equity Historical Data

The historical data trend for Reliance Chemotex Industries'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.

Reliance Chemotex Industries Debt-to-Equity Chart

Reliance Chemotex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.68

0.93

1.05

1.51

2.10

Reliance Chemotex Industries 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															1.51	N/A	1.87	N/A	2.10

Competitive Comparison of Reliance Chemotex Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Reliance Chemotex Industries'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.

Reliance Chemotex Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Reliance Chemotex Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Reliance Chemotex Industries's Debt-to-Equity falls into.

Reliance Chemotex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reliance Chemotex Industries'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
	=	(1292.263	+	1517.605)	/	1336.492
	=	2.10

Reliance Chemotex Industries'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
	=	(1292.263	+	1517.605)	/	1336.492
	=	2.10

Reliance Chemotex Industries (BOM:503162) 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.

Reliance Chemotex Industries Debt-to-Equity Related Terms

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Reliance Chemotex Industries (BOM:503162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reliance Chemotex Industries Ltd (BOM:503162) » Definitions » Debt-to-Equity

Traded in Other Exchanges

RELCHEMQ:India

Address

27, Jolly Maker Chambers Number 2, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.reliancechemotex.com

Reliance Chemotex Industries Ltd is engaged in the manufacturing of synthetic blended yarn. The company's geographical segments are Sales within India which includes sales to customers located in India and Sales outside India consisting of sales to customers located outside India. It offers various products such as Home furnishing yarns which includes artificial silk carpets, conveyor belt, towels, raised and flat upholstery, and artificial leather, Industrial yarns comprising school uniforms, shawls, medical aids, dyed polyester and viscose yarn. The Company's primary business segment is Yarn. In addition, it also provides Apparel yarns such as knitwear, suiting's and dyed viscose yarns for carpets.

Reliance Chemotex Industries (BOM:503162) Headlines

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