Apex Frozen Foods (NSE:APEX) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Apex Frozen Foods Debt-to-Equity?

Apex Frozen Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹995 Mil. Apex Frozen Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹74 Mil. Apex Frozen Foods's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,971 Mil. Apex Frozen Foods's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 Apex Frozen Foods's Debt-to-Equity or its related term are showing as below:

NSE:APEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.37 Max: 1.56
Current: 0.22

During the past 11 years, the highest Debt-to-Equity Ratio of Apex Frozen Foods was 1.56. The lowest was 0.19. And the median was 0.37.

NSE:APEX's Debt-to-Equity is ranked better than
66.51% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSE:APEX: 0.22

Apex Frozen Foods Debt-to-Equity Historical Data

The historical data trend for Apex Frozen Foods'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.

* Premium members only.

Apex Frozen Foods Debt-to-Equity Chart

Apex Frozen Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.41

0.38

0.36

0.19

0.22

Apex Frozen Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	N/A	0.17	N/A	0.22

Competitive Comparison of Apex Frozen Foods's Debt-to-Equity

For the Farm Products subindustry, Apex Frozen Foods'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.

Apex Frozen Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Apex Frozen Foods's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Apex Frozen Foods's Debt-to-Equity falls into.

Apex Frozen Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Apex Frozen Foods'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
	=	(995.411	+	73.52)	/	4970.56
	=	0.22

Apex Frozen Foods'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
	=	(995.411	+	73.52)	/	4970.56
	=	0.22

Apex Frozen Foods (NSE:APEX) 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.

Apex Frozen Foods Debt-to-Equity Related Terms

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Apex Frozen Foods (NSE:APEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apex Frozen Foods Ltd (NSE:APEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

540692:India

Address

3 - 160, Panasapadu, East Godavari District, Kakinada, AP, IND, 533 005

Website

https://www.apexfrozenfoods.in

Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. It supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimp namely the Whiteleg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon). These products are sold under the brands of Bay Fresh, Bay Harvest, and BayPremium.