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Plastiblends India (BOM:523648) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is Plastiblends India Debt-to-Equity?

Plastiblends India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹30 Mil. Plastiblends India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹48 Mil. Plastiblends India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,054 Mil. Plastiblends India's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Plastiblends India's Debt-to-Equity or its related term are showing as below:

BOM:523648' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.16   Max: 0.44
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Plastiblends India was 0.44. The lowest was 0.02. And the median was 0.16.

BOM:523648's Debt-to-Equity is ranked better than
96.19% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:523648: 0.02

Plastiblends India Debt-to-Equity Historical Data

The historical data trend for Plastiblends 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.

Plastiblends India Debt-to-Equity Chart

Plastiblends India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.10 0.12 0.02 0.02

Plastiblends 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 N/A 0.04 N/A 0.02

Competitive Comparison of Plastiblends India's Debt-to-Equity

For the Specialty Chemicals subindustry, Plastiblends 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.


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

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

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



Plastiblends India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plastiblends India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Plastiblends India's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Plastiblends India  (BOM:523648) 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.


Plastiblends India Debt-to-Equity Related Terms

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


Plastiblends India (BOM:523648) Business Description

Traded in Other Exchanges
Address
New Link Road, Opposite Citi Mall, 10th Floor, Fortune Terraces, A-Wing, Andheri (West), Mumbai, MH, IND, 400 053
Plastiblends India Ltd is a manufacturer and sells Masterbatches and thermoplastic compounds. The company's products are applicable in various plastic processing industries, such as Flexible Packaging, Agriculture, Irrigation, Piping, Infrastructure, and Consumer Durables. The company's product includes Addictive Masterbatches, Polycolor, Polycolor Black, Polycolor White, and Polywhite Fillers, among others. The group principally operates in India.

Plastiblends India (BOM:523648) Headlines

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