Hi-Tech Lubricants (KAR:HTL) Debt-to-Equity : 0.56 (As of Dec. 2024)

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What is Hi-Tech Lubricants Debt-to-Equity?

Hi-Tech Lubricants's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₨2,424 Mil. Hi-Tech Lubricants's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₨863 Mil. Hi-Tech Lubricants's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₨5,882 Mil. Hi-Tech Lubricants's debt to equity for the quarter that ended in Dec. 2024 was 0.56.

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 Hi-Tech Lubricants's Debt-to-Equity or its related term are showing as below:

KAR:HTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.46 Max: 1.08
Current: 0.56

During the past 10 years, the highest Debt-to-Equity Ratio of Hi-Tech Lubricants was 1.08. The lowest was 0.17. And the median was 0.46.

KAR:HTL's Debt-to-Equity is ranked worse than
56.81% of 822 companies
in the Oil & Gas industry
Industry Median: 0.45 vs KAR:HTL: 0.56

Hi-Tech Lubricants Debt-to-Equity Historical Data

The historical data trend for Hi-Tech Lubricants'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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Hi-Tech Lubricants Debt-to-Equity Chart

Hi-Tech Lubricants Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.34

0.29

0.50

0.62

0.56

Hi-Tech Lubricants Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.55	0.56	0.61	0.56

Competitive Comparison of Hi-Tech Lubricants's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Hi-Tech Lubricants'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.

Hi-Tech Lubricants's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hi-Tech Lubricants's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hi-Tech Lubricants's Debt-to-Equity falls into.

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Hi-Tech Lubricants Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hi-Tech Lubricants's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(2305.966	+	1001.687)	/	5921.512
	=	0.56

Hi-Tech Lubricants's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(2424.179	+	862.5)	/	5881.52
	=	0.56

Hi-Tech Lubricants (KAR:HTL) 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.

Hi-Tech Lubricants Debt-to-Equity Related Terms

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Hi-Tech Lubricants Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hi-Tech Lubricants Ltd (KAR:HTL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1-A, Danepur Road, G.O.R-1, Lahore, PB, PAK

Website

https://www.hitechlubricants.com

Hi-Tech Lubricants Ltd is a company whose principal activity is to procure and distribute lubricants and petroleum products. It serves Automotive, Industrial and Marine segments. It has three reportable segments being Lubricants, polymer and Petroleum products. The company generates the majority of its revenue from petroleum products.

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