Empire Industries (BOM:509525) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Empire Industries Debt-to-Equity?

Empire Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Empire Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Empire Industries'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 Empire Industries's Debt-to-Equity or its related term are showing as below:

BOM:509525' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.89 Max: 1.38
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Empire Industries was 1.38. The lowest was 0.64. And the median was 0.89.

BOM:509525's Debt-to-Equity is ranked worse than
55.93% of 472 companies
in the Conglomerates industry
Industry Median: 0.56 vs BOM:509525: 0.68

Empire Industries Debt-to-Equity Historical Data

The historical data trend for Empire 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.

Empire Industries Debt-to-Equity Chart

Empire Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

1.38

1.05

0.91

0.64

Empire Industries 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	0.64	N/A	0.68	N/A

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

For the Conglomerates subindustry, Empire 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.

Empire Industries's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's Debt-to-Equity distribution charts can be found below:

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

Empire Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empire Industries'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
	=	(676.703	+	1149.532)	/	2834.115
	=	0.64

Empire Industries'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

Empire Industries (BOM:509525) 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.

Empire Industries Debt-to-Equity Related Terms

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

Empire Industries (BOM:509525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Empire Industries Ltd (BOM:509525) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.empiremumbai.com

Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

Empire Industries (BOM:509525) Headlines

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