HI-Green Carbon (NSE:HIGREEN) Debt-to-Equity : 0.48 (As of Sep. 2024)

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What is HI-Green Carbon Debt-to-Equity?

HI-Green Carbon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹126.8 Mil. HI-Green Carbon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹263.4 Mil. HI-Green Carbon's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹808.3 Mil. HI-Green Carbon's debt to equity for the quarter that ended in Sep. 2024 was 0.48.

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 HI-Green Carbon's Debt-to-Equity or its related term are showing as below:

NSE:HIGREEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.52 Max: 2.21
Current: 0.48

During the past 4 years, the highest Debt-to-Equity Ratio of HI-Green Carbon was 2.21. The lowest was 0.17. And the median was 0.52.

NSE:HIGREEN's Debt-to-Equity is ranked worse than
58.46% of 1389 companies
in the Chemicals industry
Industry Median: 0.37 vs NSE:HIGREEN: 0.48

HI-Green Carbon Debt-to-Equity Historical Data

The historical data trend for HI-Green Carbon'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.

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HI-Green Carbon Debt-to-Equity Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

2.21

1.35

0.56

0.32

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.56	0.17	0.32	0.48

Competitive Comparison of HI-Green Carbon's Debt-to-Equity

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Debt-to-Equity distribution charts can be found below:

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

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HI-Green Carbon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HI-Green Carbon'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
	=	(98.716	+	141.234)	/	755.198
	=	0.32

HI-Green Carbon'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
	=	(126.824	+	263.395)	/	808.27
	=	0.48

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon Debt-to-Equity Related Terms

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HI-Green Carbon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

HI-Green Carbon Headlines

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