Milton Industries (NSE:MILTON) Debt-to-Equity : 0.22 (As of Mar. 2022)

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What is Milton Industries Debt-to-Equity?

Milton Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹48.9 Mil. Milton Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹39.7 Mil. Milton Industries's Total Stockholders Equity for the quarter that ended in Mar. 2022 was ₹401.9 Mil. Milton Industries's debt to equity for the quarter that ended in Mar. 2022 was 0.22.

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

NSE:MILTON's Debt-to-Equity is not ranked ^*
in the Forest Products industry.
Industry Median: 0.475
* Ranked among companies with meaningful Debt-to-Equity only.

Milton Industries Debt-to-Equity Historical Data

The historical data trend for Milton Industries'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.

Milton Industries Debt-to-Equity Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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0.73

0.53

0.48

0.34

0.22

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Debt-to-Equity	Get a 7-Day Free Trial					0.73	0.53	0.48	0.34	0.22

Competitive Comparison of Milton Industries's Debt-to-Equity

For the Lumber & Wood Production subindustry, Milton Industries'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.

Milton Industries's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Debt-to-Equity distribution charts can be found below:

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

Milton Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Milton Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(48.918	+	39.662)	/	401.92
	=	0.22

Milton Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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
	=	(48.918	+	39.662)	/	401.92
	=	0.22

Milton Industries (NSE:MILTON) 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.

Milton Industries Debt-to-Equity Related Terms

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

Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

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