Styrenix Performance Materials (BOM:506222) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Styrenix Performance Materials Debt-to-Equity?

Styrenix Performance Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹92 Mil. Styrenix Performance Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹181 Mil. Styrenix Performance Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹7,227 Mil. Styrenix Performance Materials's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Styrenix Performance Materials's Debt-to-Equity or its related term are showing as below:

BOM:506222' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.24 Max: 0.41
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Styrenix Performance Materials was 0.41. The lowest was 0.04. And the median was 0.24.

BOM:506222's Debt-to-Equity is ranked better than
88.94% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:506222: 0.04

Styrenix Performance Materials Debt-to-Equity Historical Data

The historical data trend for Styrenix Performance Materials'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.

Styrenix Performance Materials Debt-to-Equity Chart

Styrenix Performance Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.36

0.11

0.06

0.05

0.04

Styrenix Performance Materials 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															0.05	N/A	0.04	N/A	0.04

Competitive Comparison of Styrenix Performance Materials's Debt-to-Equity

For the Chemicals subindustry, Styrenix Performance Materials'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.

Styrenix Performance Materials's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Styrenix Performance Materials's Debt-to-Equity falls into.

Styrenix Performance Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Styrenix Performance Materials'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
	=	(92	+	181.4)	/	7227.4
	=	0.04

Styrenix Performance Materials'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
	=	(92	+	181.4)	/	7227.4
	=	0.04

Styrenix Performance Materials (BOM:506222) 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.

Styrenix Performance Materials Debt-to-Equity Related Terms

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Styrenix Performance Materials (BOM:506222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Styrenix Performance Materials Ltd (BOM:506222) » Definitions » Debt-to-Equity

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STYRENIX:India

Address

Dr. Vikram Sarabhai Marg, 9th Floor, “Shiva”, Sarabhai Complex, Vadiwadi, Vadodara, GJ, IND, 390023

Website

https://www.styrenix.com

Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene, of which the majority of the revenue is generated from the Specialties segment. Specialties include ABS and SAN. All the business activities of the firm functioned throughout the region of India.

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