Cool Caps Industries (NSE:COOLCAPS) Debt-to-Equity : 2.61 (As of Mar. 2024)

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What is Cool Caps Industries Debt-to-Equity?

Cool Caps Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹387 Mil. Cool Caps Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹730 Mil. Cool Caps Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹428 Mil. Cool Caps Industries's debt to equity for the quarter that ended in Mar. 2024 was 2.61.

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 Cool Caps Industries's Debt-to-Equity or its related term are showing as below:

NSE:COOLCAPS's Debt-to-Equity is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.435
* Ranked among companies with meaningful Debt-to-Equity only.

Cool Caps Industries Debt-to-Equity Historical Data

The historical data trend for Cool Caps Industries'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.

Cool Caps Industries Debt-to-Equity Chart

Cool Caps Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.63

1.65

1.25

1.96

2.61

Cool Caps Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							N/A	1.59	N/A	1.96	2.61

Competitive Comparison of Cool Caps Industries's Debt-to-Equity

For the Packaging & Containers subindustry, Cool Caps Industries'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.

Cool Caps Industries's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cool Caps Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cool Caps Industries's Debt-to-Equity falls into.

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Cool Caps Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cool Caps Industries'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
	=	(386.966	+	729.94)	/	428.498
	=	2.61

Cool Caps Industries'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
	=	(386.966	+	729.94)	/	428.498
	=	2.61

Cool Caps Industries (NSE:COOLCAPS) 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.

Cool Caps Industries Debt-to-Equity Related Terms

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

Cool Caps Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cool Caps Industries Ltd (NSE:COOLCAPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020

Website

https://www.coolcapsindustries.in

Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps and plastic juice bottle caps.

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