MCON Rasayan India (NSE:MCON) Debt-to-Equity : 1.02 (As of Mar. 2024)

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What is MCON Rasayan India Debt-to-Equity?

MCON Rasayan India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹103.3 Mil. MCON Rasayan India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹56.3 Mil. MCON Rasayan India's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹156.6 Mil. MCON Rasayan India's debt to equity for the quarter that ended in Mar. 2024 was 1.02.

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 MCON Rasayan India's Debt-to-Equity or its related term are showing as below:

NSE:MCON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.94 Max: 3.09
Current: 1.02

During the past 5 years, the highest Debt-to-Equity Ratio of MCON Rasayan India was 3.09. The lowest was 0.63. And the median was 1.94.

NSE:MCON's Debt-to-Equity is ranked worse than
84.31% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs NSE:MCON: 1.02

MCON Rasayan India Debt-to-Equity Historical Data

The historical data trend for MCON Rasayan India'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.

MCON Rasayan India Debt-to-Equity Chart

MCON Rasayan India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

2.91

1.94

3.09

0.63

1.02

MCON Rasayan India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			3.09	1.41	0.63	0.78	1.02

Competitive Comparison of MCON Rasayan India's Debt-to-Equity

For the Specialty Chemicals subindustry, MCON Rasayan India'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.

MCON Rasayan India's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, MCON Rasayan India's Debt-to-Equity distribution charts can be found below:

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

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MCON Rasayan India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MCON Rasayan India'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
	=	(103.275	+	56.282)	/	156.573
	=	1.02

MCON Rasayan India's Debt to Equity Ratio for the quarter 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
	=	(103.275	+	56.282)	/	156.573
	=	1.02

MCON Rasayan India (NSE:MCON) 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.

MCON Rasayan India Debt-to-Equity Related Terms

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MCON Rasayan India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MCON Rasayan India Ltd (NSE:MCON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-169, Off link road, CTS-104 Bangur Nagar, 101/A, 1st Floor, Maxheal House, Goregaon West, Near Ayyappa Temple, Mumbai-, MH, IND, 400090

Website

https://www.mconrasayan.com

MCON Rasayan India Ltd is the manufacturer and supplier of high-quality construction chemicals and building finishing products for the Indian industry and overseas markets. The company has a suite of products including a range of construction materials and construction chemicals in both powder and liquid forms. The Powder products of the company are Ready-mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete, and others.

MCON Rasayan India Headlines

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