Tainwala Chemical and Plastic (I) (BOM:507785) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Tainwala Chemical and Plastic (I) Debt-to-Equity?

Tainwala Chemical and Plastic (I)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Tainwala Chemical and Plastic (I)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Tainwala Chemical and Plastic (I)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,175.4 Mil. Tainwala Chemical and Plastic (I)'s debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Tainwala Chemical and Plastic (I)'s Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Tainwala Chemical and Plastic (I) was 0.01. The lowest was 0.00. And the median was 0.00.

BOM:507785's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Tainwala Chemical and Plastic (I) Debt-to-Equity Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'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.

Tainwala Chemical and Plastic (I) Debt-to-Equity Chart

Tainwala Chemical and Plastic (I) Annual Data

Trend

Mar15

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Mar24

Debt-to-Equity

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Tainwala Chemical and Plastic (I) 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															-	N/A	-	N/A	-

Competitive Comparison of Tainwala Chemical and Plastic (I)'s Debt-to-Equity

For the Specialty Chemicals subindustry, Tainwala Chemical and Plastic (I)'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.

Tainwala Chemical and Plastic (I)'s Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tainwala Chemical and Plastic (I)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tainwala Chemical and Plastic (I)'s Debt-to-Equity falls into.

Tainwala Chemical and Plastic (I) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tainwala Chemical and Plastic (I)'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
	=	(0	+	0)	/	1175.414
	=	0.00

Tainwala Chemical and Plastic (I)'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
	=	(0	+	0)	/	1175.414
	=	0.00

Tainwala Chemical and Plastic (I) (BOM:507785) 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.

Tainwala Chemical and Plastic (I) Debt-to-Equity Related Terms

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Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tainwala Chemical and Plastic (I) Ltd (BOM:507785) » Definitions » Debt-to-Equity

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TAINWALCHM:India

Address

Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.tainwala.in

Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

Tainwala Chemical and Plastic (I) (BOM:507785) Headlines

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