Purv Flexipack (NSE:PURVFLEXI) Debt-to-Equity : 1.41 (As of Sep. 2024)

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What is Purv Flexipack Debt-to-Equity?

Purv Flexipack's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1,212 Mil. Purv Flexipack's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹685 Mil. Purv Flexipack's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,345 Mil. Purv Flexipack's debt to equity for the quarter that ended in Sep. 2024 was 1.41.

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 Purv Flexipack's Debt-to-Equity or its related term are showing as below:

NSE:PURVFLEXI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.32 Max: 1.84
Current: 1.41

During the past 4 years, the highest Debt-to-Equity Ratio of Purv Flexipack was 1.84. The lowest was 1.14. And the median was 1.32.

NSE:PURVFLEXI's Debt-to-Equity is ranked worse than
88.3% of 359 companies
in the Packaging & Containers industry
Industry Median: 0.43 vs NSE:PURVFLEXI: 1.41

Purv Flexipack Debt-to-Equity Historical Data

The historical data trend for Purv Flexipack'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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Purv Flexipack Debt-to-Equity Chart

Purv Flexipack Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

1.20

1.23

1.61

1.14

Purv Flexipack Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			1.23	1.61	1.84	1.14	1.41

Competitive Comparison of Purv Flexipack's Debt-to-Equity

For the Packaging & Containers subindustry, Purv Flexipack'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.

Purv Flexipack's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Purv Flexipack's Debt-to-Equity distribution charts can be found below:

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

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Purv Flexipack Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Purv Flexipack'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
	=	(723.312	+	733.487)	/	1277.452
	=	1.14

Purv Flexipack's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1212.072	+	684.653)	/	1345.147
	=	1.41

Purv Flexipack (NSE:PURVFLEXI) 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.

Purv Flexipack Debt-to-Equity Related Terms

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Purv Flexipack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Purv Flexipack Ltd (NSE:PURVFLEXI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Sarat Bose Road, Annapurna Apartment, Suit 1C, 1st Floor, Kolkata, WB, IND, 700020

Website

https://www.purvgroup.in/purv-flexipack-limited

Purv Flexipack Ltd is a company mainly engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company is a dealer of various companies for distribution of plastic based products.

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