Ashish Polyplast (BOM:530429) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Ashish Polyplast Debt-to-Equity?

Ashish Polyplast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.8 Mil. Ashish Polyplast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2.3 Mil. Ashish Polyplast's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹64.8 Mil. Ashish Polyplast's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 Ashish Polyplast's Debt-to-Equity or its related term are showing as below:

BOM:530429' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.23 Max: 0.38
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Ashish Polyplast was 0.38. The lowest was 0.05. And the median was 0.23.

BOM:530429's Debt-to-Equity is ranked better than
85.94% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:530429: 0.05

Ashish Polyplast Debt-to-Equity Historical Data

The historical data trend for Ashish Polyplast'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.

Ashish Polyplast Debt-to-Equity Chart

Ashish Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.15

0.08

0.19

0.26

0.05

Ashish Polyplast 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															0.26	N/A	0.15	N/A	0.05

Competitive Comparison of Ashish Polyplast's Debt-to-Equity

For the Specialty Chemicals subindustry, Ashish Polyplast'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.

Ashish Polyplast's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ashish Polyplast's Debt-to-Equity distribution charts can be found below:

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

Ashish Polyplast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashish Polyplast'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
	=	(0.752	+	2.312)	/	64.813
	=	0.05

Ashish Polyplast'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
	=	(0.752	+	2.312)	/	64.813
	=	0.05

Ashish Polyplast (BOM:530429) 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.

Ashish Polyplast Debt-to-Equity Related Terms

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Ashish Polyplast (BOM:530429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashish Polyplast Ltd (BOM:530429) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

501, Fortune Business Hub, Near Satyomev Elysium, Near Science City, Sola, Ahmedabad, GJ, IND, 380060

Website

http://www.ashishpolyplast.com

Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polymerization of vinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The company's product portfolio includes Realon Air & Pneumatic Hose - Transparent, Realon Welding Hose - Red & Blue, Realon Water Hose, Realon Car Washing Hose, and Realon Rock Drilling Hose - Transparent.

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