Parag Milk Food (NSE:PARAGMILK) Debt-to-Equity : 0.71 (As of Mar. 2024)

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What is Parag Milk Food Debt-to-Equity?

Parag Milk Food's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,743 Mil. Parag Milk Food's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,704 Mil. Parag Milk Food's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹9,121 Mil. Parag Milk Food's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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 Parag Milk Food's Debt-to-Equity or its related term are showing as below:

NSE:PARAGMILK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.57 Max: 3.39
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Parag Milk Food was 3.39. The lowest was 0.29. And the median was 0.57.

NSE:PARAGMILK's Debt-to-Equity is ranked worse than
67.29% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSE:PARAGMILK: 0.71

Parag Milk Food Debt-to-Equity Historical Data

The historical data trend for Parag Milk Food'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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Parag Milk Food Debt-to-Equity Chart

Parag Milk Food Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.44

0.42

0.96

0.75

0.71

Parag Milk Food Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.75	N/A	0.73	N/A	0.71

Competitive Comparison of Parag Milk Food's Debt-to-Equity

For the Packaged Foods subindustry, Parag Milk Food'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.

Parag Milk Food's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Parag Milk Food's Debt-to-Equity falls into.

Parag Milk Food Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Parag Milk Food'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
	=	(3743.19	+	2703.78)	/	9121.06
	=	0.71

Parag Milk Food'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
	=	(3743.19	+	2703.78)	/	9121.06
	=	0.71

Parag Milk Food (NSE:PARAGMILK) 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.

Parag Milk Food Debt-to-Equity Related Terms

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Parag Milk Food (NSE:PARAGMILK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parag Milk Food Ltd (NSE:PARAGMILK) » Definitions » Debt-to-Equity

Traded in Other Exchanges

539889:India

Address

10th Floor Nirmal Building, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.paragmilkfoods.com

Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.

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