Time Technoplast (BOM:532856) Debt-to-Equity : 0.29 (As of Sep. 2024)

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What is Time Technoplast Debt-to-Equity?

Time Technoplast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹4,895 Mil. Time Technoplast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2,997 Mil. Time Technoplast's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹26,824 Mil. Time Technoplast's debt to equity for the quarter that ended in Sep. 2024 was 0.29.

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

BOM:532856' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.46 Max: 0.77
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Time Technoplast was 0.77. The lowest was 0.29. And the median was 0.46.

BOM:532856's Debt-to-Equity is ranked better than
63.06% of 360 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs BOM:532856: 0.29

Time Technoplast Debt-to-Equity Historical Data

The historical data trend for Time Technoplast'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.

Time Technoplast Debt-to-Equity Chart

Time Technoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.49

0.46

0.44

0.40

0.33

Time Technoplast Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.37	N/A	0.33	N/A	0.29

Competitive Comparison of Time Technoplast's Debt-to-Equity

For the Packaging & Containers subindustry, Time Technoplast'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.

Time Technoplast's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Time Technoplast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Time Technoplast'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
	=	(5900.715	+	2392.491)	/	25527.502
	=	0.32

Time Technoplast's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4894.7	+	2997)	/	26824.4
	=	0.29

Time Technoplast (BOM:532856) 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.

Time Technoplast Debt-to-Equity Related Terms

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Time Technoplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Time Technoplast Ltd (BOM:532856) » Definitions » Debt-to-Equity

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TIMETECHNO:India

Address

55, Corporate Avenue, Saki Vihar Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.timetechnoplast.com

Time Technoplast Ltd is a packaging solutions provider. It offers industrial packaging products, infrastructure products, technical products, material handling products, and composite cylinders. Its services are divided into two groups; Polymer and Composite products. The Polymer segment is the company's core segment and generates maximum revenues. The Composite products segment provides products such as pressure pipes, prefabricated shelters, and energy storage devices. Apart from India. It has operational footprints in UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia, the United States, and Taiwan.

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