Tuticorin Alkali Chemicals & Fertilizers (BOM:506808) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Tuticorin Alkali Chemicals & Fertilizers Debt-to-Equity?

Tuticorin Alkali Chemicals & Fertilizers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹81 Mil. Tuticorin Alkali Chemicals & Fertilizers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Tuticorin Alkali Chemicals & Fertilizers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹792 Mil. Tuticorin Alkali Chemicals & Fertilizers's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Tuticorin Alkali Chemicals & Fertilizers's Debt-to-Equity or its related term are showing as below:

BOM:506808' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.72 Med: -0.04 Max: 0.4
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Tuticorin Alkali Chemicals & Fertilizers was 0.40. The lowest was -0.72. And the median was -0.04.

BOM:506808's Debt-to-Equity is ranked better than
79.36% of 218 companies
in the Agriculture industry
Industry Median: 0.36 vs BOM:506808: 0.10

Tuticorin Alkali Chemicals & Fertilizers Debt-to-Equity Historical Data

The historical data trend for Tuticorin Alkali Chemicals & Fertilizers'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.

Tuticorin Alkali Chemicals & Fertilizers Debt-to-Equity Chart

Tuticorin Alkali Chemicals & Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-0.04

-0.02

0.40

0.10

Tuticorin Alkali Chemicals & Fertilizers 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															0.40	N/A	0.08	N/A	0.10

Competitive Comparison of Tuticorin Alkali Chemicals & Fertilizers's Debt-to-Equity

For the Agricultural Inputs subindustry, Tuticorin Alkali Chemicals & Fertilizers'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.

Tuticorin Alkali Chemicals & Fertilizers's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tuticorin Alkali Chemicals & Fertilizers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tuticorin Alkali Chemicals & Fertilizers's Debt-to-Equity falls into.

Tuticorin Alkali Chemicals & Fertilizers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tuticorin Alkali Chemicals & Fertilizers'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
	=	(80.722	+	0)	/	791.679
	=	0.10

Tuticorin Alkali Chemicals & Fertilizers'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
	=	(80.722	+	0)	/	791.679
	=	0.10

Tuticorin Alkali Chemicals & Fertilizers (BOM:506808) 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.

Tuticorin Alkali Chemicals & Fertilizers Debt-to-Equity Related Terms

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

Tuticorin Alkali Chemicals & Fertilizers (BOM:506808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tuticorin Alkali Chemicals & Fertilizers Ltd (BOM:506808) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

88, Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600 032

Website

https://www.tacfert.in

Tuticorin Alkali Chemicals & Fertilizers Ltd is engaged in producing all grades of soda ash and coproduces ammonium chloride fertilizer. Its products portfolio includes soda ash, ammonium chloride fertilizer, ammonium chloride, and sodium bicarbonate. The company has one business segment, namely the manufacture of Soda Ash and Ammonium Chloride (Dual Products).

Tuticorin Alkali Chemicals & Fertilizers (BOM:506808) Headlines

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