Kshitij Polyline (NSE:EQKSHITIJPOL) Debt-to-Equity : 1.25 (As of Sep. 2023)

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What is Kshitij Polyline Debt-to-Equity?

Kshitij Polyline's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹200.0 Mil. Kshitij Polyline's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹69.4 Mil. Kshitij Polyline's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹215.6 Mil. Kshitij Polyline's debt to equity for the quarter that ended in Sep. 2023 was 1.25.

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 Kshitij Polyline's Debt-to-Equity or its related term are showing as below:

NSE:EQKSHITIJPOL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.94 Max: 5.74
Current: 1.25

During the past 10 years, the highest Debt-to-Equity Ratio of Kshitij Polyline was 5.74. The lowest was 0.58. And the median was 0.94.

NSE:EQKSHITIJPOL's Debt-to-Equity is ranked worse than
90.7% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs NSE:EQKSHITIJPOL: 1.25

Kshitij Polyline Debt-to-Equity Historical Data

The historical data trend for Kshitij Polyline'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.

Kshitij Polyline Debt-to-Equity Chart

Kshitij Polyline Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.81

0.87

0.91

0.94

Kshitij Polyline Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.75	0.94	0.86	0.94	1.25

Competitive Comparison of Kshitij Polyline's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Kshitij Polyline'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.

Kshitij Polyline's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kshitij Polyline's Debt-to-Equity distribution charts can be found below:

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

Kshitij Polyline Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kshitij Polyline'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
	=	(163.133	+	49.407)	/	225.797
	=	0.94

Kshitij Polyline's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(199.967	+	69.443)	/	215.618
	=	1.25

Kshitij Polyline (NSE:EQKSHITIJPOL) 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.

Kshitij Polyline Debt-to-Equity Related Terms

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Kshitij Polyline (NSE:EQKSHITIJPOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kshitij Polyline Ltd (NSE:EQKSHITIJPOL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parsi Panchayat Road, 8, Sona Udyog, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.kshitijpolyline.co.in

Kshitij Polyline Ltd is engaged in manufacturing, marketing, sourcing plastic sheets, lamination sheet, folders, I cards, and files having wide applications in printing and stationery. The company offers office stationery, calendar, dairy, and student study materials of a different variety of colors, designs, and applications. It offers products including plastic card holders, neck lanyards, personalized products, badge clips, invitation, and desk material, wire and spiral material suitable for making calendars, diaries, and presentation material.

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