J G Chemicals (BOM:544138) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is J G Chemicals Debt-to-Equity?

J G Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹204 Mil. J G Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹46 Mil. J G Chemicals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹2,259 Mil. J G Chemicals's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 J G Chemicals's Debt-to-Equity or its related term are showing as below:

BOM:544138' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.48 Max: 0.69
Current: 0.11

During the past 3 years, the highest Debt-to-Equity Ratio of J G Chemicals was 0.69. The lowest was 0.11. And the median was 0.48.

BOM:544138's Debt-to-Equity is ranked better than
53.07% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOM:544138: 0.11

J G Chemicals Debt-to-Equity Historical Data

The historical data trend for J G Chemicals'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.

J G Chemicals Debt-to-Equity Chart

J G Chemicals Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.69

0.62

0.34

J G Chemicals Quarterly Data
	Mar21	Mar22	Mar23	Dec23
Debt-to-Equity	0.69	0.62	0.34	0.11

Competitive Comparison of J G Chemicals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, J G Chemicals'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.

J G Chemicals's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, J G Chemicals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where J G Chemicals's Debt-to-Equity falls into.

J G Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

J G Chemicals'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
	=	(636.35	+	67.16)	/	2076.55
	=	0.34

J G Chemicals'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
	=	(203.76	+	45.92)	/	2259.1
	=	0.11

J G Chemicals (BOM:544138) 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.

J G Chemicals Debt-to-Equity Related Terms

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J G Chemicals (BOM:544138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » J G Chemicals Ltd (BOM:544138) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JGCHEM:India

Address

Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, CK Market, North 24 Parganas, Saltlake, Bidhan Nagar, WB, IND, 700091

Website

https://www.jgchem.com

J G Chemicals Ltd is a zinc oxide manufacturer company. It sells over 80 grades of zinc oxide and has products that cater to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas, and animal feed.

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