Paragon Fine and Speciality Chemical (NSE:PARAGON) Debt-to-Equity : 1.13 (As of Mar. 2023)

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What is Paragon Fine and Speciality Chemical Debt-to-Equity?

Paragon Fine and Speciality Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹108 Mil. Paragon Fine and Speciality Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹144 Mil. Paragon Fine and Speciality Chemical's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹223 Mil. Paragon Fine and Speciality Chemical's debt to equity for the quarter that ended in Mar. 2023 was 1.13.

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 Paragon Fine and Speciality Chemical's Debt-to-Equity or its related term are showing as below:

NSE:PARAGON's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Paragon Fine and Speciality Chemical Debt-to-Equity Historical Data

The historical data trend for Paragon Fine and Speciality Chemical'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.

Paragon Fine and Speciality Chemical Debt-to-Equity Chart

Paragon Fine and Speciality Chemical Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

2.76

1.66

1.13

Paragon Fine and Speciality Chemical Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	2.76	1.66	1.13

Competitive Comparison of Paragon Fine and Speciality Chemical's Debt-to-Equity

For the Specialty Chemicals subindustry, Paragon Fine and Speciality Chemical'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.

Paragon Fine and Speciality Chemical's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Paragon Fine and Speciality Chemical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Paragon Fine and Speciality Chemical's Debt-to-Equity falls into.

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Paragon Fine and Speciality Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paragon Fine and Speciality Chemical'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
	=	(107.891	+	144.212)	/	223.352
	=	1.13

Paragon Fine and Speciality Chemical's Debt to Equity Ratio for the quarter 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
	=	(107.891	+	144.212)	/	223.352
	=	1.13

Paragon Fine and Speciality Chemical (NSE:PARAGON) 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.

Paragon Fine and Speciality Chemical Debt-to-Equity Related Terms

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Paragon Fine and Speciality Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paragon Fine and Speciality Chemical Ltd (NSE:PARAGON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.G. Highway, 1001/1, Parshwa Tower, Near Pakvan Hotel, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.paragonind.com

Paragon Fine and Speciality Chemical Ltd is engaged in the business of custom synthesis and manufacturing of specialty chemical intermediates involving complex and differentiated chemistry. Its diverse range of products finds applications across various industries, including pharma, agrochemicals, cosmetics, pigments and dyes.

Paragon Fine and Speciality Chemical Headlines

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