Kotyark Industries (NSE:KOTYARK) Debt-to-Equity : 0.58 (As of Sep. 2023)

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What is Kotyark Industries Debt-to-Equity?

Kotyark Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹220.9 Mil. Kotyark Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹138.4 Mil. Kotyark Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹617.2 Mil. Kotyark Industries's debt to equity for the quarter that ended in Sep. 2023 was 0.58.

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

NSE:KOTYARK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.82 Max: 6.31
Current: 0.58

During the past 5 years, the highest Debt-to-Equity Ratio of Kotyark Industries was 6.31. The lowest was 0.14. And the median was 0.82.

NSE:KOTYARK's Debt-to-Equity is ranked better than
62.15% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs NSE:KOTYARK: 0.58

Kotyark Industries Debt-to-Equity Historical Data

The historical data trend for Kotyark Industries'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.

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Kotyark Industries Debt-to-Equity Chart

Kotyark Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.68

6.31

4.30

0.14

0.24

Kotyark Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jul21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.14	0.30	N/A	0.24	0.58

Competitive Comparison of Kotyark Industries's Debt-to-Equity

For the Utilities - Renewable subindustry, Kotyark Industries'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.

Kotyark Industries's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kotyark Industries's Debt-to-Equity distribution charts can be found below:

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

Kotyark Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kotyark Industries'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
	=	(32.241	+	104.322)	/	567.361
	=	0.24

Kotyark Industries'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
	=	(220.865	+	138.377)	/	617.22
	=	0.58

Kotyark Industries (NSE:KOTYARK) 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.

Kotyark Industries Debt-to-Equity Related Terms

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Kotyark Industries (NSE:KOTYARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kotyark Industries Ltd (NSE:KOTYARK) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ramakaka Temple Road, A-3, 2nd Floor, Shree Ganesh Nagar, Housing Society, Chhani, Vadodara, GJ, IND, 391740

Website

https://www.kotyark.com

Kotyark Industries Ltd is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources through the adoption of environmentally friendly technology in vehicles for public and private transport.

Kotyark Industries (NSE:KOTYARK) Headlines

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