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Italian Edibles (NSE:ITALIANE) Debt-to-Equity : 1.47 (As of Aug. 2023)


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What is Italian Edibles Debt-to-Equity?

Italian Edibles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was ₹152.8 Mil. Italian Edibles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was ₹36.7 Mil. Italian Edibles's Total Stockholders Equity for the quarter that ended in Aug. 2023 was ₹128.8 Mil. Italian Edibles's debt to equity for the quarter that ended in Aug. 2023 was 1.47.

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

NSE:ITALIANE' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.47   Med: 1.92   Max: 4.27
Current: 1.47

During the past 3 years, the highest Debt-to-Equity Ratio of Italian Edibles was 4.27. The lowest was 1.47. And the median was 1.92.

NSE:ITALIANE's Debt-to-Equity is ranked worse than
87.18% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSE:ITALIANE: 1.47

Italian Edibles Debt-to-Equity Historical Data

The historical data trend for Italian Edibles'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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Italian Edibles Debt-to-Equity Chart

Italian Edibles Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
4.27 2.23 1.61

Italian Edibles Quarterly Data
Mar21 Mar22 Mar23 Aug23
Debt-to-Equity 4.27 2.23 1.61 1.47

Competitive Comparison of Italian Edibles's Debt-to-Equity

For the Confectioners subindustry, Italian Edibles'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.

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

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

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


Italian Edibles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Italian Edibles'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
=(144.479 + 28.575) / 107.824
=1.60

Italian Edibles's Debt to Equity Ratio for the quarter that ended in Aug. 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
=(152.819 + 36.73) / 128.793
=1.47

* 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.

Italian Edibles  (NSE:ITALIANE) 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.

Italian Edibles Debt-to-Equity Related Terms

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

Italian Edibles (NSE:ITALIANE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Italian Edibles Ltd (NSE:ITALIANE) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
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Address
Website
https://www.ofcoursegroup.com
Italian Edibles Ltd is a confectionery company. It produces wide range of confectionery's such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based products. It confectionery products are sold under the brand name of ""Ofcour's"". It also supplies Biscuit (wafer), dairy, ice- cream, confectionery products to many business houses in India.

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