Britannia Industries (BOM:500825) Debt-to-Equity : 0.52 (As of Mar. 2024)

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What is Britannia Industries Debt-to-Equity?

Britannia Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹11,401 Mil. Britannia Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹9,249 Mil. Britannia Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹39,415 Mil. Britannia Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.52.

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 Britannia Industries's Debt-to-Equity or its related term are showing as below:

BOM:500825' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.97
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Britannia Industries was 0.97. The lowest was 0.04. And the median was 0.23.

BOM:500825's Debt-to-Equity is ranked worse than
57.32% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs BOM:500825: 0.52

Britannia Industries Debt-to-Equity Historical Data

The historical data trend for Britannia Industries'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.

Britannia Industries Debt-to-Equity Chart

Britannia Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.35

0.60

0.97

0.85

0.52

Britannia Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.85	N/A	0.98	N/A	0.52

Competitive Comparison of Britannia Industries's Debt-to-Equity

For the Packaged Foods subindustry, Britannia Industries'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.

Britannia Industries's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Britannia Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Britannia Industries'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
	=	(11401.1	+	9248.5)	/	39415.2
	=	0.52

Britannia Industries'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
	=	(11401.1	+	9248.5)	/	39415.2
	=	0.52

Britannia Industries (BOM:500825) 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.

Britannia Industries Debt-to-Equity Related Terms

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

Britannia Industries (BOM:500825) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Britannia Industries Ltd (BOM:500825) » Definitions » Debt-to-Equity

Traded in Other Exchanges

BRITANNIA:India

Address

Whitefield Main Road, The Business Precinct, Tower C, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048

Website

https://www.britannia.co.in

Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are: biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

Britannia Industries (BOM:500825) Headlines

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