Modi Naturals (BOM:519003) Debt-to-Equity : 1.87 (As of Mar. 2024)

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What is Modi Naturals Debt-to-Equity?

Modi Naturals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹838 Mil. Modi Naturals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹857 Mil. Modi Naturals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹906 Mil. Modi Naturals's debt to equity for the quarter that ended in Mar. 2024 was 1.87.

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 Modi Naturals's Debt-to-Equity or its related term are showing as below:

BOM:519003' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.83 Max: 1.87
Current: 1.87

During the past 13 years, the highest Debt-to-Equity Ratio of Modi Naturals was 1.87. The lowest was 0.30. And the median was 0.83.

BOM:519003's Debt-to-Equity is ranked worse than
91.83% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs BOM:519003: 1.87

Modi Naturals Debt-to-Equity Historical Data

The historical data trend for Modi Naturals'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.

Modi Naturals Debt-to-Equity Chart

Modi Naturals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.57

0.30

0.66

1.74

1.87

Modi Naturals 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															1.74	N/A	1.78	N/A	1.87

Competitive Comparison of Modi Naturals's Debt-to-Equity

For the Packaged Foods subindustry, Modi Naturals'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.

Modi Naturals's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Modi Naturals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modi Naturals'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
	=	(838.381	+	856.952)	/	906.177
	=	1.87

Modi Naturals'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
	=	(838.381	+	856.952)	/	906.177
	=	1.87

Modi Naturals (BOM:519003) 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.

Modi Naturals Debt-to-Equity Related Terms

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Modi Naturals (BOM:519003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modi Naturals Ltd (BOM:519003) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

D-185/1B and 1C, 2nd Floor, Okhla Industrial Area - Phase I, New Delhi, IND, 110020

Website

https://www.modinaturals.com

Modi Naturals Ltd manufactures and markets edible oil and de-oiled cakes in India. The company offers consumer products and business-to-business (B2B) products. The Oleev brand includes olive oils and healthy oils. Its Rizolo brand offers rice bran oil. Miller brand provides low-absorption technology canola oil, its Pipo brand offers ready-to-cook flavored popcorn, and the Olivana Wellness brand offers massage oils. Its B2B products consist of rice bran oil, sunflower oil, mustard oil, rice bran wax, distilled fatty acids, de-oiled rice bran, and de-oiled sunflower cake. The company generates revenue from the sale of products, sale of packing, and other materials.

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