Finolex Industries (NSE:FINPIPE) Debt-to-Equity : 0.05 (As of Sep. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Finolex Industries Debt-to-Equity?

Finolex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹3,565 Mil. Finolex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹125 Mil. Finolex Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹67,868 Mil. Finolex Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.05.

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

NSE:FINPIPE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.46
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Finolex Industries was 0.46. The lowest was 0.01. And the median was 0.07.

NSE:FINPIPE's Debt-to-Equity is ranked better than
88.82% of 1565 companies
in the Construction industry
Industry Median: 0.44 vs NSE:FINPIPE: 0.05

Finolex Industries Debt-to-Equity Historical Data

The historical data trend for Finolex 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.

Finolex Industries Debt-to-Equity Chart

Finolex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.07

0.11

0.07

Finolex Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	N/A	0.07	N/A	0.05

Competitive Comparison of Finolex Industries's Debt-to-Equity

For the Building Products & Equipment subindustry, Finolex 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.

Finolex Industries's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Finolex Industries's Debt-to-Equity distribution charts can be found below:

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

Finolex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finolex 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
	=	(3844.1	+	95.4)	/	56342.7
	=	0.07

Finolex Industries's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3564.6	+	125.4)	/	67867.8
	=	0.05

Finolex Industries (NSE:FINPIPE) 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.

Finolex Industries Debt-to-Equity Related Terms

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

Finolex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Finolex Industries Ltd (NSE:FINPIPE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

500940:India

Address

Baner-Pashan Link Road, IndiQube -The Kode, 11th Floor, Baner Gaon, Haveli, Pune, MH, IND, 411045

Website

https://www.finolexpipes.com

Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.

Finolex Industries Headlines

No Headlines