Shree Rama Multi-Tech (NSE:SHREERAMA) Debt-to-Equity : 0.24 (As of Sep. 2024)

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What is Shree Rama Multi-Tech Debt-to-Equity?

Shree Rama Multi-Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹40 Mil. Shree Rama Multi-Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹225 Mil. Shree Rama Multi-Tech's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,123 Mil. Shree Rama Multi-Tech's debt to equity for the quarter that ended in Sep. 2024 was 0.24.

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 Shree Rama Multi-Tech's Debt-to-Equity or its related term are showing as below:

NSE:SHREERAMA' s Debt-to-Equity Range Over the Past 10 Years
Min: -27.1 Med: 3.24 Max: 28.9
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Shree Rama Multi-Tech was 28.90. The lowest was -27.10. And the median was 3.24.

NSE:SHREERAMA's Debt-to-Equity is ranked better than
67.69% of 359 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs NSE:SHREERAMA: 0.24

Shree Rama Multi-Tech Debt-to-Equity Historical Data

The historical data trend for Shree Rama Multi-Tech'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.

Shree Rama Multi-Tech Debt-to-Equity Chart

Shree Rama Multi-Tech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.87

2.23

2.95

2.54

0.04

Shree Rama Multi-Tech 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															0.12	N/A	0.04	N/A	0.24

Competitive Comparison of Shree Rama Multi-Tech's Debt-to-Equity

For the Packaging & Containers subindustry, Shree Rama Multi-Tech'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.

Shree Rama Multi-Tech's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Shree Rama Multi-Tech's Debt-to-Equity falls into.

Shree Rama Multi-Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shree Rama Multi-Tech'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
	=	(43.804	+	0)	/	1027.192
	=	0.04

Shree Rama Multi-Tech'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
	=	(39.738	+	224.557)	/	1122.569
	=	0.24

Shree Rama Multi-Tech (NSE:SHREERAMA) 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.

Shree Rama Multi-Tech Debt-to-Equity Related Terms

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Shree Rama Multi-Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shree Rama Multi-Tech Ltd (NSE:SHREERAMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

532310:India

Address

Kalol-Khatraj Road, 1557, Motibhoyan, Gandhinagar, GJ, IND, 380009

Website

https://www.srmtl.com

Shree Rama Multi-Tech Ltd is an Indian based company operates in packaging and containers division. The company is primarily engaged in the manufacturing and sale of plastic packaging products. It offers products such as plastic laminated tubes, multilayer tubes, monolayer tubes, monolayer seamless tubes, labels and stickers, tarpaulin, paper cups, and others. Geographically it operates through India, however, its products are sold within India and to some other international countries such as Bulgaria, Kenya, Nigeria, Saudi Arabia, Shri Lanka, Nepal, Singapore, Tanzania, and Turkey.

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