Vital Chemtech (NSE:VITAL) Debt-to-Equity : 0.25 (As of Sep. 2023)

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What is Vital Chemtech Debt-to-Equity?

Vital Chemtech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹29 Mil. Vital Chemtech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹194 Mil. Vital Chemtech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹879 Mil. Vital Chemtech's debt to equity for the quarter that ended in Sep. 2023 was 0.25.

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 Vital Chemtech's Debt-to-Equity or its related term are showing as below:

NSE:VITAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 1.68 Max: 3.14
Current: 0.25

During the past 4 years, the highest Debt-to-Equity Ratio of Vital Chemtech was 3.14. The lowest was 0.25. And the median was 1.68.

NSE:VITAL's Debt-to-Equity is ranked better than
59.48% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:VITAL: 0.25

Vital Chemtech Debt-to-Equity Historical Data

The historical data trend for Vital Chemtech'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.

Vital Chemtech Debt-to-Equity Chart

Vital Chemtech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

3.14

1.68

2.49

0.32

Vital Chemtech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			1.68	2.49	N/A	0.32	0.25

Competitive Comparison of Vital Chemtech's Debt-to-Equity

For the Specialty Chemicals subindustry, Vital Chemtech'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.

Vital Chemtech's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Vital Chemtech's Debt-to-Equity distribution charts can be found below:

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

Vital Chemtech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vital Chemtech'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
	=	(65.231	+	222.815)	/	896.099
	=	0.32

Vital Chemtech'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
	=	(28.762	+	194.443)	/	878.869
	=	0.25

Vital Chemtech (NSE:VITAL) 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.

Vital Chemtech Debt-to-Equity Related Terms

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

Vital Chemtech (NSE:VITAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vital Chemtech Ltd (NSE:VITAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. G. Highway, Opposite Karnavati Club, B-406, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.vitalgroup.co.in

Vital Chemtech Ltd is engaged in the business of manufacturing, producing, refining, processing, formulating, mixing, enriching, mining, importing, exporting, acquiring, inventing, buying, selling, exchanging, distributing, and otherwise trading and dealing in all kinds of mixtures, formlations, intermediates, derivatives, compounds, phosphorous based chemicals, fine chemicals, heavy chemicals, valence, inorganic and organic chemicals, source materials, intermediates, ingredients, mixtures, derivatives and compounds. The company's Products include Phosphorus Derivatives, Industrial Chemicals, Specialty Chemicals & Intermediates, Organophosphates, Polymers & Dispersants, and Wellness Products.

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