Refex Industries (NSE:REFEX) Debt-to-Equity : 0.39 (As of Sep. 2024)

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What is Refex Industries Debt-to-Equity?

Refex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹786 Mil. Refex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1,571 Mil. Refex Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹6,115 Mil. Refex Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.39.

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 Refex Industries's Debt-to-Equity or its related term are showing as below:

NSE:REFEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.47 Max: 7.96
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Refex Industries was 7.96. The lowest was 0.01. And the median was 0.47.

NSE:REFEX's Debt-to-Equity is ranked worse than
63.85% of 130 companies
in the Other Energy Sources industry
Industry Median: 0.22 vs NSE:REFEX: 0.39

Refex Industries Debt-to-Equity Historical Data

The historical data trend for Refex Industries'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.

Refex Industries Debt-to-Equity Chart

Refex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.12

0.53

0.46

0.48

0.46

Refex Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	N/A	0.46	N/A	0.39

Competitive Comparison of Refex Industries's Debt-to-Equity

For the Thermal Coal subindustry, Refex Industries'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.

Refex Industries's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's Debt-to-Equity distribution charts can be found below:

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

Refex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Refex Industries'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
	=	(764.324	+	1381.297)	/	4655.751
	=	0.46

Refex Industries'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
	=	(786.276	+	1570.67)	/	6114.773
	=	0.39

Refex Industries (NSE:REFEX) 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.

Refex Industries Debt-to-Equity Related Terms

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Refex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Refex Industries Ltd (NSE:REFEX) » Definitions » Debt-to-Equity

Traded in Other Exchanges

532884:India

Address

Refex Building, 67, Bazullah Road, Parthasarathy Puram, T Nagar, Chennai, TN, IND, 600017

Website

https://www.refex.co.in

Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.

Refex Industries Headlines

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