TTK Healthcare (NSE:TTKHLTCARE) Debt-to-Equity : N/A (As of Dec. 2023)

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What is TTK Healthcare Debt-to-Equity?

TTK Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. TTK Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. TTK Healthcare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 TTK Healthcare's Debt-to-Equity or its related term are showing as below:

NSE:TTKHLTCARE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.36
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of TTK Healthcare was 0.36. The lowest was 0.02. And the median was 0.12.

NSE:TTKHLTCARE's Debt-to-Equity is ranked better than
89.03% of 848 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs NSE:TTKHLTCARE: 0.03

TTK Healthcare Debt-to-Equity Historical Data

The historical data trend for TTK Healthcare'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.

TTK Healthcare Debt-to-Equity Chart

TTK Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.11

0.12

0.07

0.03

TTK Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.03	N/A	0.03	N/A

Competitive Comparison of TTK Healthcare's Debt-to-Equity

For the Drug Manufacturers - General subindustry, TTK Healthcare'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.

TTK Healthcare's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TTK Healthcare's Debt-to-Equity distribution charts can be found below:

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

TTK Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TTK Healthcare'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
	=	(261.138	+	12.149)	/	9533.841
	=	0.03

TTK Healthcare's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	0
	=	N/A

TTK Healthcare (NSE:TTKHLTCARE) 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.

TTK Healthcare Debt-to-Equity Related Terms

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TTK Healthcare (NSE:TTKHLTCARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TTK Healthcare Ltd (NSE:TTKHLTCARE) » Definitions » Debt-to-Equity

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507747:India

Address

No. 6, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ttkhealthcare.com

TTK Healthcare Ltd is an Indian pharmaceutical company. The company's operating segment includes Animal Welfare, Consumer Products, Medical Devices, Protective Devices, Foods Division, and Others. Its Animal Welfare segment includes products for both Human and Veterinary use. The Consumer Products comprises of marketing and distribution of Woodwards's Gripe Water, EVA Range of Cosmetics, Good Home range of Scrubbers, Air Fresheners and others. Protective Devices comprises of manufacturing and marketing of Male Contraceptives and other allied products. It generates maximum revenue from the Pharmaceuticals segment. Geographically, it derives a majority of revenue from India.

TTK Healthcare (NSE:TTKHLTCARE) Headlines

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