SPP Polymer (NSE:SPPPOLY) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is SPP Polymer Debt-to-Equity?

SPP Polymer's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹105.0 Mil. SPP Polymer's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹84.8 Mil. SPP Polymer's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹253.3 Mil. SPP Polymer's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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 SPP Polymer's Debt-to-Equity or its related term are showing as below:

NSE:SPPPOLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.69 Max: 0.91
Current: 0.75

During the past 4 years, the highest Debt-to-Equity Ratio of SPP Polymer was 0.91. The lowest was 0.34. And the median was 0.69.

NSE:SPPPOLY's Debt-to-Equity is ranked worse than
67.8% of 354 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs NSE:SPPPOLY: 0.75

SPP Polymer Debt-to-Equity Historical Data

The historical data trend for SPP Polymer'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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SPP Polymer Debt-to-Equity Chart

SPP Polymer Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.34

0.64

0.91

0.75

SPP Polymer Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	0.34	0.64	0.91	0.75

Competitive Comparison of SPP Polymer's Debt-to-Equity

For the Packaging & Containers subindustry, SPP Polymer'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.

SPP Polymer's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

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SPP Polymer Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SPP Polymer'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
	=	(104.985	+	84.796)	/	253.304
	=	0.75

SPP Polymer's Debt to Equity Ratio for the quarter 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
	=	(104.985	+	84.796)	/	253.304
	=	0.75

SPP Polymer (NSE:SPPPOLY) 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.

SPP Polymer Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of SPP Polymer's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

SPP Polymer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SPP Polymer Ltd (NSE:SPPPOLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No-04, Sector-01, IIE, SIIDCUL, Pantnagar, Udhamsingh Nagar, Rudrapur, UT, IND, 263153

Website

https://www.spppolymer.com

SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.

SPP Polymer Headlines

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