Tirupati Foam (BOM:540904) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Tirupati Foam Debt-to-Equity?

Tirupati Foam's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Tirupati Foam's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Tirupati Foam's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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

BOM:540904' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.33 Med: 1.72 Max: 2.14
Current: 1.52

During the past 13 years, the highest Debt-to-Equity Ratio of Tirupati Foam was 2.14. The lowest was 1.33. And the median was 1.72.

BOM:540904's Debt-to-Equity is ranked worse than
92.15% of 382 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs BOM:540904: 1.52

Tirupati Foam Debt-to-Equity Historical Data

The historical data trend for Tirupati Foam'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.

Tirupati Foam Debt-to-Equity Chart

Tirupati Foam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.89

1.97

2.14

1.65

1.60

Tirupati Foam Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.60	N/A	1.52	N/A

Competitive Comparison of Tirupati Foam's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Tirupati Foam'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.

Tirupati Foam's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tirupati Foam's Debt-to-Equity distribution charts can be found below:

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

Tirupati Foam Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tirupati Foam's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(258.565	+	206.932)	/	291.034
	=	1.60

Tirupati Foam's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(0	+	0)	/	0
	=	N/A

Tirupati Foam (BOM:540904) 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.

Tirupati Foam Debt-to-Equity Related Terms

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

Tirupati Foam (BOM:540904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tirupati Foam Ltd (BOM:540904) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

University Road, Polytechnic Char Rasta, Tirupati House, 4th Floor, Near Topaz Restaurant, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.tirupatifoam.com

Tirupati Foam Ltd is an Indian firm engaged in the manufacturing of Flexible Polyurethane Foam and related articles including; bedding, quilts, pillows, cushions, sleeping bags foam and foam products under the name of Sweet Dream. The company's products include mattresses, industrial P U foam, PUF pillows, sofa cushions and others. Substantial revenue accrues from Domestic sales and the sale of P U Foam.

Tirupati Foam (BOM:540904) Headlines

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