Nitta Gelatin India (BOM:506532) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Nitta Gelatin India Debt-to-Equity?

Nitta Gelatin India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹100 Mil. Nitta Gelatin India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹41 Mil. Nitta Gelatin India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹3,434 Mil. Nitta Gelatin India'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 Nitta Gelatin India's Debt-to-Equity or its related term are showing as below:

BOM:506532' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.56 Max: 0.83
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Nitta Gelatin India was 0.83. The lowest was 0.04. And the median was 0.56.

BOM:506532's Debt-to-Equity is ranked better than
89.36% of 1391 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:506532: 0.04

Nitta Gelatin India Debt-to-Equity Historical Data

The historical data trend for Nitta Gelatin India'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.

Nitta Gelatin India Debt-to-Equity Chart

Nitta Gelatin India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.55

0.46

0.43

0.15

0.04

Nitta Gelatin India 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															0.15	N/A	0.07	N/A	0.04

Competitive Comparison of Nitta Gelatin India's Debt-to-Equity

For the Specialty Chemicals subindustry, Nitta Gelatin India'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.

Nitta Gelatin India's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Nitta Gelatin India's Debt-to-Equity falls into.

Nitta Gelatin India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitta Gelatin India'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
	=	(99.589	+	40.912)	/	3434.334
	=	0.04

Nitta Gelatin India'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
	=	(99.589	+	40.912)	/	3434.334
	=	0.04

Nitta Gelatin India (BOM:506532) 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.

Nitta Gelatin India Debt-to-Equity Related Terms

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

Nitta Gelatin India (BOM:506532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitta Gelatin India Ltd (BOM:506532) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

56/715, SBT Avenue, Post Box No. 4262, Panampilly Nagar, Kochi, KL, IND, 682 036

Website

https://www.gelatin.in

Nitta Gelatin India Ltd is an India-based manufacturer and seller of Gelatin, Di-Calcium Phosphate, Ossein and Collagen peptides. The company's product range includes Gelatin for pharmaceuticals and food applications, Wellnex collagen peptides for joint health and skin beauty, Di-Calcium Phosphate as a poultry feed ingredient, NutriGold as an agricultural growth promoter, and Ossein and Chitosan for agricultural and industrial applications. Geographically, the company sells its products in India and other countries.

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