Prima Industries (BOM:531246) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Prima Industries Debt-to-Equity?

Prima Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2.80 Mil. Prima Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹24.32 Mil. Prima Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹196.07 Mil. Prima Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

BOM:531246' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Prima Industries was 0.14. The lowest was 0.00. And the median was 0.00.

BOM:531246's Debt-to-Equity is ranked better than
74.62% of 1655 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BOM:531246: 0.14

Prima Industries Debt-to-Equity Historical Data

The historical data trend for Prima Industries'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.

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Prima Industries Debt-to-Equity Chart

Prima Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.06

0.07

0.14

Prima Industries 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	0.07	0.08	N/A	0.14

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

For the Packaged Foods subindustry, Prima Industries'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 Industries's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Prima Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prima Industries'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
	=	(2.8	+	24.32)	/	196.07
	=	0.14

Prima Industries'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
	=	(2.8	+	24.32)	/	196.07
	=	0.14

Prima Industries (BOM:531246) 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 Industries Debt-to-Equity Related Terms

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

Prima Industries (BOM:531246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prima Industries Ltd (BOM:531246) » 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.primaindustries.in

Prima Industries Ltd is an edible oil refinery company based in India. The principal activities of the company are manufacturing, extracting, producing, refining, importing, exporting, trading, and distributing all kinds of extraction of edible oils, non-edible oils, animal Feeds, and refined oils. The company's core business activities are categorized into two key segments - Cattle Feed division and Oil Cake Processing division. The majority of its revenue comes from the Oil Cake Processing division.

Prima Industries (BOM:531246) Headlines

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