Captain Polyplast (BOM:536974) Debt-to-Equity : 0.71 (As of Sep. 2024)

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What is Captain Polyplast Debt-to-Equity?

Captain Polyplast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹648 Mil. Captain Polyplast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹183 Mil. Captain Polyplast's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,170 Mil. Captain Polyplast's debt to equity for the quarter that ended in Sep. 2024 was 0.71.

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

BOM:536974' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 1.11 Max: 1.54
Current: 0.71

During the past 12 years, the highest Debt-to-Equity Ratio of Captain Polyplast was 1.54. The lowest was 0.44. And the median was 1.11.

BOM:536974's Debt-to-Equity is ranked worse than
69.68% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.37 vs BOM:536974: 0.71

Captain Polyplast Debt-to-Equity Historical Data

The historical data trend for Captain Polyplast'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.

Captain Polyplast Debt-to-Equity Chart

Captain Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.44

1.43

1.28

1.13

1.08

Captain Polyplast 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															1.10	N/A	1.08	N/A	0.71

Competitive Comparison of Captain Polyplast's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Captain Polyplast'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.

Captain Polyplast's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Captain Polyplast's Debt-to-Equity distribution charts can be found below:

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

Captain Polyplast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Captain Polyplast'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
	=	(820.568	+	206.024)	/	954.537
	=	1.08

Captain Polyplast'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
	=	(647.584	+	182.872)	/	1169.812
	=	0.71

Captain Polyplast (BOM:536974) 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.

Captain Polyplast Debt-to-Equity Related Terms

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Captain Polyplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Captain Polyplast Ltd (BOM:536974) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No. 267, Plot No. 10A, 10B and 11, N.H. No.27, Captain Gate, Shapar - Veraval, Rajkot, GJ, IND, 360 024

Website

https://www.captainpolyplast.com

Captain Polyplast Ltd is engaged in the business of manufacturing and selling micro-irrigation systems and allied products. The segments include Manufacturing of Micro Irrigation Systems & Allied Products and DCA cum CS of Indian Oil Corporation Ltd. (IOCL) - PolymerBusiness. Its products include Irrigation Equipments including drip irrigation system, irrigation laterals, compression fittings, valves, irrigation filters, venturi injectors, sprinkler irrigation system, mini sprinkler irrigation system, greenhouse, and mulch films; Solar System including solar water pumping system, solar fence energizer, solar water heater, solar street light system; Fertilizer; Polymer; and Pipes and Fittings. The majority of the revenue is from the Micro Irrigation Systems & Allied Products segment.

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