Kritika Wires (NSE:KRITIKA) Debt-to-Equity : N/A (As of Jun. 2024)

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What is Kritika Wires Debt-to-Equity?

Kritika Wires's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil. Kritika Wires's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil. Kritika Wires's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹0 Mil.

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

NSE:KRITIKA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.53 Max: 1.42
Current: 0.48

During the past 11 years, the highest Debt-to-Equity Ratio of Kritika Wires was 1.42. The lowest was 0.30. And the median was 0.53.

NSE:KRITIKA's Debt-to-Equity is ranked worse than
53.62% of 567 companies
in the Steel industry
Industry Median: 0.42 vs NSE:KRITIKA: 0.48

Kritika Wires Debt-to-Equity Historical Data

The historical data trend for Kritika Wires'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.

Kritika Wires Debt-to-Equity Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.47

0.48

0.31

0.30

0.48

Kritika Wires Quarterly Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.59	N/A	0.48	N/A

Competitive Comparison of Kritika Wires's Debt-to-Equity

For the Steel subindustry, Kritika Wires'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.

Kritika Wires's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kritika Wires's Debt-to-Equity distribution charts can be found below:

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

Kritika Wires Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kritika Wires'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
	=	(400.807	+	0.118)	/	843.369
	=	0.48

Kritika Wires's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	0
	=	N/A

Kritika Wires (NSE:KRITIKA) 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.

Kritika Wires Debt-to-Equity Related Terms

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Kritika Wires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

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