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Pranik Logistics (NSE:PRANIK) Debt-to-Equity : 1.56 (As of Mar. 2024)


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What is Pranik Logistics Debt-to-Equity?

Pranik Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹158.2 Mil. Pranik Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹20.2 Mil. Pranik Logistics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹114.3 Mil. Pranik Logistics's debt to equity for the quarter that ended in Mar. 2024 was 1.56.

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 Pranik Logistics's Debt-to-Equity or its related term are showing as below:

NSE:PRANIK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69   Med: 1.58   Max: 2.22
Current: 1.57

During the past 4 years, the highest Debt-to-Equity Ratio of Pranik Logistics was 2.22. The lowest was 0.69. And the median was 1.58.

NSE:PRANIK's Debt-to-Equity is ranked worse than
84.35% of 882 companies
in the Transportation industry
Industry Median: 0.54 vs NSE:PRANIK: 1.57

Pranik Logistics Debt-to-Equity Historical Data

The historical data trend for Pranik Logistics'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.

Pranik Logistics Debt-to-Equity Chart

Pranik Logistics Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
0.69 1.59 1.88 1.56

Pranik Logistics Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Debt-to-Equity 0.69 1.59 1.88 1.56

Competitive Comparison of Pranik Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Pranik Logistics'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.

Pranik Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pranik Logistics's Debt-to-Equity distribution charts can be found below:

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


Pranik Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pranik Logistics'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
=(158.236 + 20.159) / 114.319
=1.56

Pranik Logistics'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
=(158.236 + 20.159) / 114.319
=1.56

* 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.

Pranik Logistics  (NSE:PRANIK) 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.

Pranik Logistics Debt-to-Equity Related Terms

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Pranik Logistics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pranik Logistics Ltd (NSE:PRANIK) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, WB, IND, 700091
Website
https://www.pranikgroup.com
Pranik Logistics Ltd is engaged as carrying and forwarding agent providing end-to-end Logistics solutions. It is a pan India logistics provider, acting as carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling and freight forwarding to various industries such as Retail, Customer Durables, Telecom, Manufacturing, Pharma, etc.

Pranik Logistics Headlines

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