Tapi Fruit Processing (NSE:TAPIFRUIT) Debt-to-Equity : 0.04 (As of Sep. 2023)

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What is Tapi Fruit Processing Debt-to-Equity?

Tapi Fruit Processing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹2.5 Mil. Tapi Fruit Processing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹2.4 Mil. Tapi Fruit Processing's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹122.0 Mil. Tapi Fruit Processing's debt to equity for the quarter that ended in Sep. 2023 was 0.04.

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 Tapi Fruit Processing's Debt-to-Equity or its related term are showing as below:

NSE:TAPIFRUIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 6.29 Max: 26.28
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of Tapi Fruit Processing was 26.28. The lowest was 0.04. And the median was 6.29.

NSE:TAPIFRUIT's Debt-to-Equity is ranked better than
90.86% of 1652 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs NSE:TAPIFRUIT: 0.04

Tapi Fruit Processing Debt-to-Equity Historical Data

The historical data trend for Tapi Fruit Processing'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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Tapi Fruit Processing Debt-to-Equity Chart

Tapi Fruit Processing Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

26.28

18.58

12.42

0.06

Tapi Fruit Processing Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	12.42	0.17	0.06	0.04

Competitive Comparison of Tapi Fruit Processing's Debt-to-Equity

For the Packaged Foods subindustry, Tapi Fruit Processing'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.

Tapi Fruit Processing's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tapi Fruit Processing's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tapi Fruit Processing's Debt-to-Equity falls into.

Tapi Fruit Processing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tapi Fruit Processing'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
	=	(0.023	+	0.025)	/	0.785
	=	0.06

Tapi Fruit Processing's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.458	+	2.412)	/	121.982
	=	0.04

Tapi Fruit Processing (NSE:TAPIFRUIT) 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.

Tapi Fruit Processing Debt-to-Equity Related Terms

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Tapi Fruit Processing (NSE:TAPIFRUIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tapi Fruit Processing Ltd (NSE:TAPIFRUIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Varachha Road, Office No. 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Surat, GJ, IND, 395006

Website

https://www.tapifood.com

Tapi Fruit Processing Ltd is a is a manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam and Fruit Leathers, Chutney and Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies.

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