Retina Paints (BOM:543902) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Retina Paints Debt-to-Equity?

Retina Paints's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹40.0 Mil. Retina Paints's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹24.5 Mil. Retina Paints's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹221.0 Mil. Retina Paints's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Retina Paints's Debt-to-Equity or its related term are showing as below:

BOM:543902' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 3.09 Max: 6.44
Current: 0.29

During the past 5 years, the highest Debt-to-Equity Ratio of Retina Paints was 6.44. The lowest was 0.29. And the median was 3.09.

BOM:543902's Debt-to-Equity is ranked better than
56.9% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs BOM:543902: 0.29

Retina Paints Debt-to-Equity Historical Data

The historical data trend for Retina Paints'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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Retina Paints Debt-to-Equity Chart

Retina Paints Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

3.51

6.44

2.68

N/A

0.29

Retina Paints Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			2.68	N/A	N/A	0.18	0.29

Competitive Comparison of Retina Paints's Debt-to-Equity

For the Specialty Chemicals subindustry, Retina Paints'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.

Retina Paints's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Retina Paints Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Retina Paints'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
	=	(40.017	+	24.508)	/	221.001
	=	0.29

Retina Paints's Debt to Equity Ratio for the quarter 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
	=	(40.017	+	24.508)	/	221.001
	=	0.29

Retina Paints (BOM:543902) 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.

Retina Paints Debt-to-Equity Related Terms

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

Retina Paints (BOM:543902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Retina Paints Ltd (BOM:543902) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase V, IDA, Cherlapally, Block No 2, Floors 2 & 3, Survey No. 184 & 185, Opposite Ganesh Kaman, Rangareddi, Hyderabad, TG, IND, Rangareddi

Website

http://www.retinapaints.com

Retina Paints Ltd is engaged in the manufacturing of decorative paints like distempers, wall care products, primers, emulsions and others. After the manufacturing, the products are sold to different distributors.

Retina Paints (BOM:543902) Headlines

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