G M Polyplast (BOM:543239) Debt-to-Equity : 0.12 (As of Sep. 2024)

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What is G M Polyplast Debt-to-Equity?

G M Polyplast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹32.6 Mil. G M Polyplast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹8.3 Mil. G M Polyplast's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹353.8 Mil. G M Polyplast's debt to equity for the quarter that ended in Sep. 2024 was 0.12.

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 G M Polyplast's Debt-to-Equity or its related term are showing as below:

BOM:543239' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.12 Max: 1.03
Current: 0.12

During the past 7 years, the highest Debt-to-Equity Ratio of G M Polyplast was 1.03. The lowest was 0.04. And the median was 0.12.

BOM:543239's Debt-to-Equity is ranked better than
74.52% of 1393 companies
in the Chemicals industry
Industry Median: 0.37 vs BOM:543239: 0.12

G M Polyplast Debt-to-Equity Historical Data

The historical data trend for G M Polyplast'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.

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G M Polyplast Debt-to-Equity Chart

G M Polyplast Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.33

0.12

0.04

0.08

0.04

G M Polyplast Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial							0.22	0.08	0.15	0.04	0.12

Competitive Comparison of G M Polyplast's Debt-to-Equity

For the Specialty Chemicals subindustry, G M Polyplast'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.

G M Polyplast's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, G M Polyplast's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where G M Polyplast's Debt-to-Equity falls into.

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G M Polyplast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

G M Polyplast'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
	=	(3.782	+	8.098)	/	317.564
	=	0.04

G M Polyplast'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
	=	(32.574	+	8.261)	/	353.791
	=	0.12

G M Polyplast (BOM:543239) 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.

G M Polyplast Debt-to-Equity Related Terms

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G M Polyplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G M Polyplast Ltd (BOM:543239) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kondivita Road, A/66, New Empire Industial Estate, Near JB Nagar, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.gmpolyplast.com

G M Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE sheets, and granules. The company's products include ABS sheets, HIPS sheets, PET sheets, HDPE sheets, PP sheets, ESD materials, PP granules, ABS granules, HIPS granules, and HDPE granules. The company generates revenue from the sale of plastic rolls, plastic sheets, PET sheets/rolls, and other related products.

G M Polyplast Headlines

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