Prima Agro (BOM:519262) Debt-to-Equity : 0.39 (As of Mar. 2024)

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What is Prima Agro Debt-to-Equity?

Prima Agro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Prima Agro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹63.87 Mil. Prima Agro's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹162.16 Mil. Prima Agro's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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 Prima Agro's Debt-to-Equity or its related term are showing as below:

BOM:519262' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.19 Med: 0.08 Max: 0.72
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Prima Agro was 0.72. The lowest was -8.19. And the median was 0.08.

BOM:519262's Debt-to-Equity is ranked better than
51.51% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BOM:519262: 0.39

Prima Agro Debt-to-Equity Historical Data

The historical data trend for Prima Agro'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.

Prima Agro Debt-to-Equity Chart

Prima Agro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.08

0.06

0.42

0.39

Prima Agro Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.42	0.39	N/A	0.39

Competitive Comparison of Prima Agro's Debt-to-Equity

For the Packaged Foods subindustry, Prima Agro'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.

Prima Agro's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Prima Agro's Debt-to-Equity distribution charts can be found below:

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

Prima Agro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prima Agro'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	+	63.87)	/	162.16
	=	0.39

Prima Agro'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	+	63.87)	/	162.16
	=	0.39

Prima Agro (BOM:519262) 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.

Prima Agro Debt-to-Equity Related Terms

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

Prima Agro (BOM:519262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prima Agro Ltd (BOM:519262) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Door No. V/679-C, Industrial Development Area, Muppathadam P.O., Edayar, Cochin, KL, IND, 683110

Website

https://www.primaagro.in

Prima Agro Ltd is engaged in manufacturing cattle feeds. The company has its manufacturing divisions in the Industrial Areas at Edayar, Kochi, and at Trivandrum. It manufactures cattle feed pellets in 70kg and 50kg packing. The company is also engaged in the trading of commodities and downstream products.

Prima Agro (BOM:519262) Headlines

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