Refractory Shapes (NSE:REFRACTORY) Debt-to-Equity : 0.38 (As of Sep. 2024)

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What is Refractory Shapes Debt-to-Equity?

Refractory Shapes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹54.0 Mil. Refractory Shapes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹107.7 Mil. Refractory Shapes's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹426.7 Mil. Refractory Shapes's debt to equity for the quarter that ended in Sep. 2024 was 0.38.

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 Refractory Shapes's Debt-to-Equity or its related term are showing as below:

NSE:REFRACTORY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 1.06 Max: 1.23
Current: 0.38

During the past 3 years, the highest Debt-to-Equity Ratio of Refractory Shapes was 1.23. The lowest was 0.38. And the median was 1.06.

NSE:REFRACTORY's Debt-to-Equity is ranked worse than
53.46% of 361 companies
in the Building Materials industry
Industry Median: 0.36 vs NSE:REFRACTORY: 0.38

Refractory Shapes Debt-to-Equity Historical Data

The historical data trend for Refractory Shapes'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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Refractory Shapes Debt-to-Equity Chart

Refractory Shapes Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.04

1.06

1.23

Refractory Shapes Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Debt-to-Equity	1.04	1.06	1.23	1.15	0.38

Competitive Comparison of Refractory Shapes's Debt-to-Equity

For the Building Materials subindustry, Refractory Shapes'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.

Refractory Shapes's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Refractory Shapes's Debt-to-Equity distribution charts can be found below:

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

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Refractory Shapes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Refractory Shapes'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
	=	(111.939	+	92.924)	/	166.864
	=	1.23

Refractory Shapes'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
	=	(53.966	+	107.736)	/	426.69
	=	0.38

Refractory Shapes (NSE:REFRACTORY) 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.

Refractory Shapes Debt-to-Equity Related Terms

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Refractory Shapes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Refractory Shapes Ltd (NSE:REFRACTORY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.refshape.com

Refractory Shapes Ltd is primarily engaged in the manufacturing of various types of bricks, castables, high alumina catalysts, and ceramic balls, including pre-cast & pre-fired blocks (PCPF), burner blocks, special-shaped refractory bricks, dense and insulating castables, and mortars.

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