Goel Food Products (BOM:543538) Debt-to-Equity : 1.26 (As of Sep. 2024)

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What is Goel Food Products Debt-to-Equity?

Goel Food Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹16.5 Mil. Goel Food Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹267.4 Mil. Goel Food Products's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹225.1 Mil. Goel Food Products's debt to equity for the quarter that ended in Sep. 2024 was 1.26.

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 Goel Food Products's Debt-to-Equity or its related term are showing as below:

BOM:543538' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.26 Med: 1.95 Max: 3.05
Current: 1.26

During the past 6 years, the highest Debt-to-Equity Ratio of Goel Food Products was 3.05. The lowest was 1.26. And the median was 1.95.

BOM:543538's Debt-to-Equity is ranked worse than
84.09% of 1653 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs BOM:543538: 1.26

Goel Food Products Debt-to-Equity Historical Data

The historical data trend for Goel Food Products'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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Goel Food Products Debt-to-Equity Chart

Goel Food Products Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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3.00

1.95

3.05

1.87

1.33

Goel Food Products Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					1.98	1.87	1.67	1.33	1.26

Competitive Comparison of Goel Food Products's Debt-to-Equity

For the Packaged Foods subindustry, Goel Food Products'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.

Goel Food Products's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Goel Food Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Goel Food Products's Debt-to-Equity falls into.

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Goel Food Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goel Food Products'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
	=	(32.973	+	263.209)	/	222.005
	=	1.33

Goel Food Products'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
	=	(16.521	+	267.371)	/	225.12
	=	1.26

Goel Food Products (BOM:543538) 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.

Goel Food Products Debt-to-Equity Related Terms

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Goel Food Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goel Food Products Ltd (BOM:543538) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

76/1/2, Golaghata Road, Kolkata, WB, IND, 700048

Website

https://www.bika.co.in

Goel Food Products Ltd is engaged in the business of manufacturing Indian Snacks and Sweets. The company provides services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans, and Thread Ceremony at the banquet hall and serves Indian snacks and Sweets at the company retail shop. The company also generates rent income the hotels and guest houses. It operates and manages the banquet and Indian snacks and sweets shop business under the name "BIKA" at various locations in Kolkata.

Goel Food Products Headlines

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