Advance Petrochemicals (BOM:506947) Debt-to-Equity : 2.40 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Advance Petrochemicals Debt-to-Equity?

Advance Petrochemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹59.9 Mil. Advance Petrochemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹29.8 Mil. Advance Petrochemicals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹37.4 Mil. Advance Petrochemicals's debt to equity for the quarter that ended in Mar. 2024 was 2.40.

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 Advance Petrochemicals's Debt-to-Equity or its related term are showing as below:

BOM:506947' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.04 Med: 3.03 Max: 3.45
Current: 2.4

During the past 13 years, the highest Debt-to-Equity Ratio of Advance Petrochemicals was 3.45. The lowest was 2.04. And the median was 3.03.

BOM:506947's Debt-to-Equity is ranked worse than
96.62% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:506947: 2.40

Advance Petrochemicals Debt-to-Equity Historical Data

The historical data trend for Advance Petrochemicals'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.

Advance Petrochemicals Debt-to-Equity Chart

Advance Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

3.31

3.23

2.71

2.04

2.40

Advance Petrochemicals 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															2.04	N/A	2.07	N/A	2.40

Competitive Comparison of Advance Petrochemicals's Debt-to-Equity

For the Chemicals subindustry, Advance Petrochemicals'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.

Advance Petrochemicals's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Advance Petrochemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advance Petrochemicals'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
	=	(59.911	+	29.837)	/	37.351
	=	2.40

Advance Petrochemicals'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
	=	(59.911	+	29.837)	/	37.351
	=	2.40

Advance Petrochemicals (BOM:506947) 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.

Advance Petrochemicals Debt-to-Equity Related Terms

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

Advance Petrochemicals (BOM:506947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Petrochemicals Ltd (BOM:506947) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

36, Diwan Ballubhai Road, Kothari Market, 1st Floor, Opp Hirabhai Market, Kankaria, Ahmedabad, GJ, IND, 380022

Website

https://www.advancepetro.com

Advance Petrochemicals Ltd is an India-based company that manufactures and supplies petrochemical products. Its offerings include surface active agents, solvents, alkyl aryl ethanolamine, ethanolamine, automotive products, fire-resistant fluid, and aircraft chemicals. These chemicals are used in automobiles, aircraft, textiles, refineries, crude oil, leather, pesticides, paint, lubricant, wood, masonry, food, cosmetics, pharmaceuticals, metal, construction, power plants, mines, and minerals. It has one business segment namely Petroleum Products.

Advance Petrochemicals (BOM:506947) Headlines

No Headlines