Quality Foils (India) (NSE:QFIL) Debt-to-Equity : 1.14 (As of Sep. 2023)

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What is Quality Foils (India) Debt-to-Equity?

Quality Foils (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹207 Mil. Quality Foils (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹112 Mil. Quality Foils (India)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹281 Mil. Quality Foils (India)'s debt to equity for the quarter that ended in Sep. 2023 was 1.14.

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 Quality Foils (India)'s Debt-to-Equity or its related term are showing as below:

NSE:QFIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 2.09 Max: 2.44
Current: 1.14

During the past 4 years, the highest Debt-to-Equity Ratio of Quality Foils (India) was 2.44. The lowest was 1.14. And the median was 2.09.

NSE:QFIL's Debt-to-Equity is ranked worse than
82.37% of 556 companies
in the Steel industry
Industry Median: 0.415 vs NSE:QFIL: 1.14

Quality Foils (India) Debt-to-Equity Historical Data

The historical data trend for Quality Foils (India)'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.

Quality Foils (India) Debt-to-Equity Chart

Quality Foils (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.43

2.31

2.44

1.56

Quality Foils (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			2.31	2.44	1.87	1.56	1.14

Competitive Comparison of Quality Foils (India)'s Debt-to-Equity

For the Steel subindustry, Quality Foils (India)'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.

Quality Foils (India)'s Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Quality Foils (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Quality Foils (India)'s Debt-to-Equity falls into.

Quality Foils (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quality Foils (India)'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
	=	(301.536	+	125.287)	/	273.963
	=	1.56

Quality Foils (India)'s Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(206.536	+	112.098)	/	280.57
	=	1.14

Quality Foils (India) (NSE:QFIL) 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.

Quality Foils (India) Debt-to-Equity Related Terms

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Quality Foils (India) (NSE:QFIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quality Foils (India) Ltd (NSE:QFIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.qualitygroup.in

Quality Foils (India) Ltd is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The products of the company are sold both in the domestic as well as international markets.

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