Race Eco Chain (NSE:RACE) Debt-to-Equity : N/A (As of Dec. 2024)

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What is Race Eco Chain Debt-to-Equity?

Race Eco Chain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Race Eco Chain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0 Mil. Race Eco Chain's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ₹0 Mil.

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 Race Eco Chain's Debt-to-Equity or its related term are showing as below:

NSE:RACE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.34 Max: 1.91
Current: 0.3

During the past 12 years, the highest Debt-to-Equity Ratio of Race Eco Chain was 1.91. The lowest was 0.26. And the median was 0.34.

NSE:RACE's Debt-to-Equity is ranked better than
73.87% of 222 companies
in the Waste Management industry
Industry Median: 0.64 vs NSE:RACE: 0.30

Race Eco Chain Debt-to-Equity Historical Data

The historical data trend for Race Eco Chain'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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Race Eco Chain Debt-to-Equity Chart

Race Eco Chain Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.40

0.37

0.26

0.75

1.91

Race Eco Chain Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.91	N/A	0.30	N/A

Competitive Comparison of Race Eco Chain's Debt-to-Equity

For the Waste Management subindustry, Race Eco Chain'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.

Race Eco Chain's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Race Eco Chain's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Race Eco Chain's Debt-to-Equity falls into.

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Race Eco Chain Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Race Eco Chain'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
	=	(372.727	+	52.443)	/	222.106
	=	1.91

Race Eco Chain's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Race Eco Chain (NSE:RACE) 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.

Race Eco Chain Debt-to-Equity Related Terms

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Race Eco Chain Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Race Eco Chain Ltd (NSE:RACE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

537785:India

Address

Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010

Website

https://www.raceecochain.com

Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.