Shree Ajit Pulp And Paper (BOM:538795) Debt-to-Equity : 1.00 (As of Mar. 2024)

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What is Shree Ajit Pulp And Paper Debt-to-Equity?

Shree Ajit Pulp And Paper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹635 Mil. Shree Ajit Pulp And Paper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,627 Mil. Shree Ajit Pulp And Paper's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,273 Mil. Shree Ajit Pulp And Paper's debt to equity for the quarter that ended in Mar. 2024 was 1.00.

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 Shree Ajit Pulp And Paper's Debt-to-Equity or its related term are showing as below:

BOM:538795' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.37 Max: 1
Current: 1

During the past 13 years, the highest Debt-to-Equity Ratio of Shree Ajit Pulp And Paper was 1.00. The lowest was 0.15. And the median was 0.37.

BOM:538795's Debt-to-Equity is ranked worse than
77.65% of 264 companies
in the Forest Products industry
Industry Median: 0.475 vs BOM:538795: 1.00

Shree Ajit Pulp And Paper Debt-to-Equity Historical Data

The historical data trend for Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper Debt-to-Equity Chart

Shree Ajit Pulp And Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.21

0.15

0.24

0.81

1.00

Shree Ajit Pulp And Paper 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															0.81	N/A	0.96	N/A	1.00

Competitive Comparison of Shree Ajit Pulp And Paper's Debt-to-Equity

For the Paper & Paper Products subindustry, Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Ajit Pulp And Paper's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shree Ajit Pulp And Paper's Debt-to-Equity falls into.

Shree Ajit Pulp And Paper Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shree Ajit Pulp And Paper'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
	=	(635.449	+	1627.356)	/	2272.578
	=	1.00

Shree Ajit Pulp And Paper'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
	=	(635.449	+	1627.356)	/	2272.578
	=	1.00

Shree Ajit Pulp And Paper (BOM:538795) 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.

Shree Ajit Pulp And Paper Debt-to-Equity Related Terms

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Shree Ajit Pulp And Paper (BOM:538795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shree Ajit Pulp And Paper Ltd (BOM:538795) » Definitions » Debt-to-Equity

Traded in Other Exchanges

890195:India

Address

Survey No 239, Village Salvav, 106,107,108P & 105P, Near Morai Railway Crossing, District Valsad, Vapi, GJ, IND, 396191

Website

https://www.shreeajit.com

Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of kraft paper. The company operates through a single operating segment which is the manufacturing of kraft paper. The product includes multilayer test liner and test liner paper and is available in two shades which are natural and golden yellow. The kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material.

Shree Ajit Pulp And Paper (BOM:538795) Headlines

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