Divyadhan Recycling Industries (NSE:DIVYADHAN) Equity-to-Asset : 0.54 (As of Mar. 2024)

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What is Divyadhan Recycling Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Divyadhan Recycling Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹129.1 Mil. Divyadhan Recycling Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹241.2 Mil. Therefore, Divyadhan Recycling Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.54.

The historical rank and industry rank for Divyadhan Recycling Industries's Equity-to-Asset or its related term are showing as below:

NSE:DIVYADHAN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.4 Max: 0.54
Current: 0.54

During the past 4 years, the highest Equity to Asset Ratio of Divyadhan Recycling Industries was 0.54. The lowest was 0.28. And the median was 0.40.

NSE:DIVYADHAN's Equity-to-Asset is ranked better than
51.64% of 1065 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.54 vs NSE:DIVYADHAN: 0.54

Divyadhan Recycling Industries Equity-to-Asset Historical Data

The historical data trend for Divyadhan Recycling Industries's Equity-to-Asset 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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Divyadhan Recycling Industries Equity-to-Asset Chart

Divyadhan Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

0.28

0.36

0.44

0.54

Divyadhan Recycling Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Equity-to-Asset	0.28	0.36	0.44	0.54

Competitive Comparison of Divyadhan Recycling Industries's Equity-to-Asset

For the Textile Manufacturing subindustry, Divyadhan Recycling Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Divyadhan Recycling Industries's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Divyadhan Recycling Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Divyadhan Recycling Industries's Equity-to-Asset falls into.

Divyadhan Recycling Industries Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Divyadhan Recycling Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	129.103	/	241.211
	=	0.54

Divyadhan Recycling Industries's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	129.103	/	241.211
	=	0.54

Divyadhan Recycling Industries (NSE:DIVYADHAN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Divyadhan Recycling Industries Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Divyadhan Recycling Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Divyadhan Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Divyadhan Recycling Industries Ltd (NSE:DIVYADHAN) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

Saki Vihar Road, 1803, Lodha Supremus, Opposite Telephone Exchange, Powai, Mumbai, MH, IND, 400072

Website

https://www.divyadhan.in

Divyadhan Recycling Industries Ltd is in the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. The company produces hollow and solid recycled polyester staple fibre, which has good resilience properties and makes premium pillows, cushions, and quilts. The recycled fibre is supplied to various industries such as Packaging, home furnishing and Textiles.

Divyadhan Recycling Industries Headlines

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