Novateor Research Laboratories (BOM:542771) Debt-to-Equity : 0.08 (As of Sep. 2024)

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What is Novateor Research Laboratories Debt-to-Equity?

Novateor Research Laboratories's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2.19 Mil. Novateor Research Laboratories's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹5.12 Mil. Novateor Research Laboratories's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹96.49 Mil. Novateor Research Laboratories's debt to equity for the quarter that ended in Sep. 2024 was 0.08.

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 Novateor Research Laboratories's Debt-to-Equity or its related term are showing as below:

BOM:542771' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.94
Current: 0.08

During the past 8 years, the highest Debt-to-Equity Ratio of Novateor Research Laboratories was 0.94. The lowest was 0.00. And the median was 0.04.

BOM:542771's Debt-to-Equity is ranked better than
82.62% of 1646 companies
in the Consumer Packaged Goods industry
Industry Median: 0.395 vs BOM:542771: 0.08

Novateor Research Laboratories Debt-to-Equity Historical Data

The historical data trend for Novateor Research Laboratories'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.

Novateor Research Laboratories Debt-to-Equity Chart

Novateor Research Laboratories Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.03

0.11

0.13

Novateor Research Laboratories Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial										0.04	0.11	0.14	0.13	0.08

Competitive Comparison of Novateor Research Laboratories's Debt-to-Equity

For the Household & Personal Products subindustry, Novateor Research Laboratories'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.

Novateor Research Laboratories's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Novateor Research Laboratories's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Novateor Research Laboratories's Debt-to-Equity falls into.

Novateor Research Laboratories Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novateor Research Laboratories'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
	=	(6.369	+	4.706)	/	87.627
	=	0.13

Novateor Research Laboratories'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
	=	(2.192	+	5.123)	/	96.485
	=	0.08

Novateor Research Laboratories (BOM:542771) 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.

Novateor Research Laboratories Debt-to-Equity Related Terms

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Novateor Research Laboratories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Novateor Research Laboratories Ltd (BOM:542771) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anandnagar Cross Road, 100 Feet Ring Road, 1026, Dev Atelier, Opposite Dev Auram, Prahladnagar, Ahmedabad, GJ, IND, 380015

Website

https://www.novateor.com

Novateor Research Laboratories Ltd is a company engaged in the development of novel personal care products that are intended to provide safe, easy, and innovative approaches to the existing traditional personal care solutions. The company's teeth-whitening products are sold under the brand name SmiloShine. The company manufactures three different variants of teeth whitening strips, teeth whitening toothpaste and brush, kids's toothpaste and tongue cleaner, and teeth whitening gel.

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