Amkay Products (BOM:544169) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is Amkay Products Debt-to-Equity?

Amkay Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹38.5 Mil. Amkay Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹9.2 Mil. Amkay Products's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹98.7 Mil. Amkay Products's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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

BOM:544169' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.55 Max: 0.7
Current: 0.48

During the past 3 years, the highest Debt-to-Equity Ratio of Amkay Products was 0.70. The lowest was 0.29. And the median was 0.55.

BOM:544169's Debt-to-Equity is ranked worse than
70.2% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs BOM:544169: 0.48

Amkay Products Debt-to-Equity Historical Data

The historical data trend for Amkay 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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Amkay Products Debt-to-Equity Chart

Amkay Products Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.29

0.70

0.61

Amkay Products Quarterly Data
	Mar21	Mar22	Mar23	Dec23
Debt-to-Equity	0.29	0.70	0.61	0.48

Competitive Comparison of Amkay Products's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Amkay 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.

Amkay Products's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Amkay Products's Debt-to-Equity distribution charts can be found below:

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

Amkay Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amkay Products's Debt to Equity Ratio for the fiscal year 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
	=	(13.5	+	33.499)	/	77.163
	=	0.61

Amkay Products's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(38.468	+	9.153)	/	98.696
	=	0.48

Amkay Products (BOM:544169) 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.

Amkay Products Debt-to-Equity Related Terms

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

Amkay Products (BOM:544169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Amkay Products Ltd (BOM:544169) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waliv Road, Bunglow No. 68, Rashmi Park, CHS Ltd, Dhumal Nagar, Vasai, Thane, Mumbai, MH, IND, 401208

Website

Amkay Products Ltd is a healthcare company. It manufacture, assemble & market a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon cap etc. used by healthcare centers, hospitals/clinics, nursing homes etc. Additionally, engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc.

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