Prince Pipes And Fittings (BOM:542907) Debt-to-Equity : 0.08 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Prince Pipes And Fittings Debt-to-Equity?

Prince Pipes And Fittings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,009 Mil. Prince Pipes And Fittings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹288 Mil. Prince Pipes And Fittings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹15,444 Mil. Prince Pipes And Fittings's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Prince Pipes And Fittings's Debt-to-Equity or its related term are showing as below:

BOM:542907' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.53 Max: 1.94
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Prince Pipes And Fittings was 1.94. The lowest was 0.05. And the median was 0.53.

BOM:542907's Debt-to-Equity is ranked better than
83.67% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs BOM:542907: 0.08

Prince Pipes And Fittings Debt-to-Equity Historical Data

The historical data trend for Prince Pipes And Fittings'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.

Prince Pipes And Fittings Debt-to-Equity Chart

Prince Pipes And Fittings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.32

0.08

0.12

0.05

0.08

Prince Pipes And Fittings 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															0.05	N/A	0.04	N/A	0.08

Competitive Comparison of Prince Pipes And Fittings's Debt-to-Equity

For the Building Products & Equipment subindustry, Prince Pipes And Fittings'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.

Prince Pipes And Fittings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prince Pipes And Fittings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Prince Pipes And Fittings's Debt-to-Equity falls into.

Prince Pipes And Fittings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prince Pipes And Fittings'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
	=	(1008.7	+	287.71)	/	15444.03
	=	0.08

Prince Pipes And Fittings'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
	=	(1008.7	+	287.71)	/	15444.03
	=	0.08

Prince Pipes And Fittings (BOM:542907) 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.

Prince Pipes And Fittings Debt-to-Equity Related Terms

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

Prince Pipes And Fittings (BOM:542907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prince Pipes And Fittings Ltd (BOM:542907) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRINCEPIPE:India

Address

29, Senapati Bapat Marg (Tulsi Pipe Road), 8th Floor, The Ruby, Dadar (West), Mumbai, MH, IND, 400 028

Website

https://www.princepipes.com

Prince Pipes And Fittings Ltd is a manufacturer of polymer pipes and fittings. The company manufactures polymer pipes using four different polymers: UPVC; CPVC; PPR; and HDPE, and fittings using three different polymers: UPVC; CPVC; and PPR. It markets its products under two brand names: Prince Piping Systems; and Trubore. The company's products are used for various applications in plumbing, irrigation, and soil, waste and rainwater management in both rural and urban areas.

Prince Pipes And Fittings (BOM:542907) Headlines

No Headlines