Silkflex Polymers (India) (NSE:SILKFLEX) Debt-to-Equity : 0.66 (As of Sep. 2024)

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What is Silkflex Polymers (India) Debt-to-Equity?

Silkflex Polymers (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹204.3 Mil. Silkflex Polymers (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹4.3 Mil. Silkflex Polymers (India)'s Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹318.1 Mil. Silkflex Polymers (India)'s debt to equity for the quarter that ended in Sep. 2024 was 0.66.

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

NSE:SILKFLEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.35 Max: 1.79
Current: 0.66

During the past 3 years, the highest Debt-to-Equity Ratio of Silkflex Polymers (India) was 1.79. The lowest was 0.66. And the median was 1.35.

NSE:SILKFLEX's Debt-to-Equity is ranked worse than
69.82% of 1385 companies
in the Chemicals industry
Industry Median: 0.36 vs NSE:SILKFLEX: 0.66

Silkflex Polymers (India) Debt-to-Equity Historical Data

The historical data trend for Silkflex Polymers (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.

Silkflex Polymers (India) Debt-to-Equity Chart

Silkflex Polymers (India) Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.19

1.35

1.48

Silkflex Polymers (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Debt-to-Equity	1.19	1.35	1.48	1.79	0.66

Competitive Comparison of Silkflex Polymers (India)'s Debt-to-Equity

For the Specialty Chemicals subindustry, Silkflex Polymers (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.

Silkflex Polymers (India)'s Debt-to-Equity Distribution in the Chemicals Industry

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

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

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Silkflex Polymers (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silkflex Polymers (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
	=	(99.904	+	20.927)	/	81.662
	=	1.48

Silkflex Polymers (India)'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
	=	(204.282	+	4.254)	/	318.051
	=	0.66

Silkflex Polymers (India) (NSE:SILKFLEX) 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.

Silkflex Polymers (India) Debt-to-Equity Related Terms

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Silkflex Polymers (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Silkflex Polymers (India) Ltd (NSE:SILKFLEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah, WB, IND, 711302

Website

https://www.silkflexindia.in

Silkflex Polymers (India) Ltd is engaged in the trading of textile printing inks and water-based wood coating polymer products of a Malaysian brand- "Silkflex" produced by Silkflex Polymers SDN BHD. The business is divided into two categories i.e., textile printing ink products and wood coating products. Textile printing ink products include screen coating, Glue, Machine grade non-pvc inks, Additives, and Specialty water-based non-pvc inks. Wood coating products include Base coat, Top coat, Stains, and Sealer.

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