Tasty Dairy Specialities (BOM:540955) Debt-to-Equity : 46.99 (As of Dec. 2023)

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What is Tasty Dairy Specialities Debt-to-Equity?

Tasty Dairy Specialities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹208.7 Mil. Tasty Dairy Specialities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹478.9 Mil. Tasty Dairy Specialities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹14.6 Mil. Tasty Dairy Specialities's debt to equity for the quarter that ended in Dec. 2023 was 46.99.

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 Tasty Dairy Specialities's Debt-to-Equity or its related term are showing as below:

BOM:540955' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 1.36 Max: 46.99
Current: 46.99

During the past 11 years, the highest Debt-to-Equity Ratio of Tasty Dairy Specialities was 46.99. The lowest was 0.55. And the median was 1.36.

BOM:540955's Debt-to-Equity is ranked worse than
99.88% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BOM:540955: 46.99

Tasty Dairy Specialities Debt-to-Equity Historical Data

The historical data trend for Tasty Dairy Specialities'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.

Tasty Dairy Specialities Debt-to-Equity Chart

Tasty Dairy Specialities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.66

0.69

1.07

2.36

2.05

Tasty Dairy Specialities Quarterly Data
	Sep18	Mar19	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															2.07	2.05	N/A	2.90	46.99

Competitive Comparison of Tasty Dairy Specialities's Debt-to-Equity

For the Packaged Foods subindustry, Tasty Dairy Specialities'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.

Tasty Dairy Specialities's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Tasty Dairy Specialities's Debt-to-Equity falls into.

Tasty Dairy Specialities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tasty Dairy Specialities'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
	=	(277.989	+	361.062)	/	311.25
	=	2.05

Tasty Dairy Specialities'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
	=	(208.667	+	478.938)	/	14.634
	=	46.99

Tasty Dairy Specialities (BOM:540955) 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.

Tasty Dairy Specialities Debt-to-Equity Related Terms

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

Tasty Dairy Specialities (BOM:540955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tasty Dairy Specialities Ltd (BOM:540955) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

G-6, 12/483 Ratandham Apartment, McRobertganj, Kanpur, UP, IND, 208001

Website

http://www.tastydairy.com

Tasty Dairy Specialities Ltd is engaged in the procurement and processing of milk and other value-added products, namely Butter, Milk, Ghee, and other milk products. Some of its products includes Full Cream Milk, Skimmed Milk, T-Special Milk, Salted Butter, Skimmed Milk Powder, Gulab Jamun Mix, Mithai Master, Chenna Powder, and Dairy Delight. It operates in a single segment, which is the manufacturing and sale of Dairy Products.

Tasty Dairy Specialities (BOM:540955) Headlines

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