Mahip Industries (BOM:542503) Debt-to-Equity : -3.96 (As of Mar. 2023)

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What is Mahip Industries Debt-to-Equity?

Mahip Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹224.60 Mil. Mahip Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹100.07 Mil. Mahip Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹-82.07 Mil. Mahip Industries's debt to equity for the quarter that ended in Mar. 2023 was -3.96.

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 Mahip Industries's Debt-to-Equity or its related term are showing as below:

BOM:542503' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.59 Med: 1.39 Max: 2.57
Current: -0.86

During the past 11 years, the highest Debt-to-Equity Ratio of Mahip Industries was 2.57. The lowest was -6.59. And the median was 1.39.

BOM:542503's Debt-to-Equity is not ranked
in the Packaging & Containers industry.
Industry Median: 0.44 vs BOM:542503: -0.86

Mahip Industries Debt-to-Equity Historical Data

The historical data trend for Mahip Industries'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.

Mahip Industries Debt-to-Equity Chart

Mahip Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.19

2.53

-6.59

-3.96

-0.86

Mahip Industries Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										3.43	-6.59	-4.19	-3.96	-0.86

Competitive Comparison of Mahip Industries's Debt-to-Equity

For the Packaging & Containers subindustry, Mahip Industries'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.

Mahip Industries's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Mahip Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mahip Industries'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
	=	(0.081	+	87.696)	/	-102.283
	=	-0.86

Mahip Industries's Debt to Equity Ratio for the quarter 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
	=	(224.601	+	100.069)	/	-82.074
	=	-3.96

Mahip Industries (BOM:542503) 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.

Mahip Industries Debt-to-Equity Related Terms

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Mahip Industries (BOM:542503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mahip Industries Ltd (BOM:542503) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makarba, S.G. Road, A-902, Safal Solitaire, Near Divya Bhaskar, Ahmedabad, GJ, IND, 380015

Website

http://www.mahipindustriesltd.in

Mahip Industries Ltd is a manufacturer and trader of corrugated boxes. The company offers corrugated boxes for milk and biscuits, for drugs and medicines, processed and semi-processed foods, edible oils, fruits and vegetables, and for electronic goods.

Mahip Industries (BOM:542503) Headlines

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