Goyallt (NSE:GOYALSALT) Debt-to-Equity : 0.57 (As of Mar. 2023)

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What is Goyallt Debt-to-Equity?

Goyallt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹92 Mil. Goyallt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0 Mil. Goyallt's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹162 Mil. Goyallt's debt to equity for the quarter that ended in Mar. 2023 was 0.57.

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

NSE:GOYALSALT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.78 Max: 1.16
Current: 0.57

During the past 4 years, the highest Debt-to-Equity Ratio of Goyallt was 1.16. The lowest was 0.57. And the median was 0.78.

NSE:GOYALSALT's Debt-to-Equity is ranked worse than
59.59% of 1643 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs NSE:GOYALSALT: 0.57

Goyallt Debt-to-Equity Historical Data

The historical data trend for Goyallt'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.

Goyallt Debt-to-Equity Chart

Goyallt Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.65

1.16

0.91

0.57

Goyallt Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	0.65	1.16	0.91	0.57

Competitive Comparison of Goyallt's Debt-to-Equity

For the Packaged Foods subindustry, Goyallt'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.

Goyallt's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Goyallt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goyallt'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
	=	(92.011	+	0)	/	161.811
	=	0.57

Goyallt's Debt to Equity Ratio for the quarter 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
	=	(92.011	+	0)	/	161.811
	=	0.57

Goyallt (NSE:GOYALSALT) 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.

Goyallt Debt-to-Equity Related Terms

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

Goyallt (NSE:GOYALSALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goyal Salt Ltd (NSE:GOYALSALT) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7 Gandhi Path, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

https://www.goyalsaltltd.com

Goyal Salt Ltd is a company which is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. It refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.

Goyallt (NSE:GOYALSALT) Headlines

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