Romcarbon (BSE:ROCE) Debt-to-Equity : 0.38 (As of Sep. 2023)

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What is Romcarbon Debt-to-Equity?

Romcarbon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was lei51.0 Mil. Romcarbon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was lei7.9 Mil. Romcarbon's Total Stockholders Equity for the quarter that ended in Sep. 2023 was lei154.9 Mil. Romcarbon's debt to equity for the quarter that ended in Sep. 2023 was 0.38.

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

BSE:ROCE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.55 Max: 0.85
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Romcarbon was 0.85. The lowest was 0.33. And the median was 0.55.

BSE:ROCE's Debt-to-Equity is ranked better than
55.36% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BSE:ROCE: 0.38

Romcarbon Debt-to-Equity Historical Data

The historical data trend for Romcarbon'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.

Romcarbon Debt-to-Equity Chart

Romcarbon Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.64

0.61

0.51

0.55

0.47

Romcarbon Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.47	0.33	0.35	0.38

Competitive Comparison of Romcarbon's Debt-to-Equity

For the Packaging & Containers subindustry, Romcarbon'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.

Romcarbon's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Romcarbon's Debt-to-Equity distribution charts can be found below:

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

Romcarbon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Romcarbon's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(74.737	+	4.045)	/	168.759
	=	0.47

Romcarbon's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(51.02	+	7.902)	/	154.872
	=	0.38

Romcarbon (BSE:ROCE) 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.

Romcarbon Debt-to-Equity Related Terms

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

Romcarbon (BSE:ROCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Romcarbon SA (BSE:ROCE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 132, Strada Transilvaniei, Buzau, ROU, 120012

Website

https://www.romcarbon.com

Romcarbon SA is engaged in the plastic processing in Romania. It is engaged in manufacturing of plastic articles which include plastic plates, foils, tubes and profiles. Its product portfolio includes polypropylene (PP) bags and bands; polyethylene agriculture foil, heat shrinkable film and bags; polystyrene trays and plates, and polyvinyl chloride (PVC) pipes, fittings, electro insulating tubes, foil, and packages, among others. Geographically the company distributes its products nationally and abroad.

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