Kanpur Plastipacks (BOM:507779) Debt-to-Equity : 1.25 (As of Mar. 2024)

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What is Kanpur Plastipacks Debt-to-Equity?

Kanpur Plastipacks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,396 Mil. Kanpur Plastipacks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹845 Mil. Kanpur Plastipacks's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,800 Mil. Kanpur Plastipacks's debt to equity for the quarter that ended in Mar. 2024 was 1.25.

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 Kanpur Plastipacks's Debt-to-Equity or its related term are showing as below:

BOM:507779' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 1 Max: 1.25
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of Kanpur Plastipacks was 1.25. The lowest was 0.83. And the median was 1.00.

BOM:507779's Debt-to-Equity is ranked worse than
87.36% of 348 companies
in the Packaging & Containers industry
Industry Median: 0.43 vs BOM:507779: 1.25

Kanpur Plastipacks Debt-to-Equity Historical Data

The historical data trend for Kanpur Plastipacks'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.

Kanpur Plastipacks Debt-to-Equity Chart

Kanpur Plastipacks Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.83

1.01

1.02

0.92

1.25

Kanpur Plastipacks 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															0.92	N/A	1.23	N/A	1.25

Competitive Comparison of Kanpur Plastipacks's Debt-to-Equity

For the Packaging & Containers subindustry, Kanpur Plastipacks'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.

Kanpur Plastipacks's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kanpur Plastipacks's Debt-to-Equity distribution charts can be found below:

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

Kanpur Plastipacks Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kanpur Plastipacks'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
	=	(1396.193	+	844.94)	/	1799.938
	=	1.25

Kanpur Plastipacks'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
	=	(1396.193	+	844.94)	/	1799.938
	=	1.25

Kanpur Plastipacks (BOM:507779) 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.

Kanpur Plastipacks Debt-to-Equity Related Terms

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Kanpur Plastipacks (BOM:507779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kanpur Plastipacks Ltd (BOM:507779) » Definitions » Debt-to-Equity

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KANPRPLA:India

Address

D-19-20, Panki Industrial Area, P.O. Udyog Nagar, Kanpur, UP, IND, 208 022

Website

https://www.kanplas.com

Kanpur Plastipacks Ltd is engaged in the business of manufacturing HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBC's), Fabrics and High Tenacity PP Multi Filament Yam (MFY). Its primary segments include Plastic Division, Consignment Stockiest, and Solar Power Division. The company generates the majority of its revenue from the Plastic Division segment. The Plastic Division segment is engaged in the domestic and export sale of manufactured and traded plastic products. The Solar power division is engaged in the generation and supply of power. The same is consumed by the company in its manufacturing operations.

Kanpur Plastipacks (BOM:507779) Headlines

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