Lead Reclaim and Rubber Products (NSE:LRRPL) Debt-to-Equity : 0.36 (As of Sep. 2023)

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What is Lead Reclaim and Rubber Products Debt-to-Equity?

Lead Reclaim and Rubber Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹30.00 Mil. Lead Reclaim and Rubber Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹8.80 Mil. Lead Reclaim and Rubber Products's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹109.40 Mil. Lead Reclaim and Rubber Products's debt to equity for the quarter that ended in Sep. 2023 was 0.35.

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 Lead Reclaim and Rubber Products's Debt-to-Equity or its related term are showing as below:

NSE:LRRPL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.72 Max: 21.59
Current: 0.36

During the past 4 years, the highest Debt-to-Equity Ratio of Lead Reclaim and Rubber Products was 21.59. The lowest was 0.25. And the median was 0.72.

NSE:LRRPL's Debt-to-Equity is ranked worse than
50.22% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:LRRPL: 0.36

Lead Reclaim and Rubber Products Debt-to-Equity Historical Data

The historical data trend for Lead Reclaim and Rubber Products'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.

Lead Reclaim and Rubber Products Debt-to-Equity Chart

Lead Reclaim and Rubber Products Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

21.59

9.82

0.96

0.25

Lead Reclaim and Rubber Products Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			9.82	0.96	0.49	0.25	0.36

Competitive Comparison of Lead Reclaim and Rubber Products's Debt-to-Equity

For the Specialty Chemicals subindustry, Lead Reclaim and Rubber Products'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.

Lead Reclaim and Rubber Products's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lead Reclaim and Rubber Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lead Reclaim and Rubber Products's Debt-to-Equity falls into.

Lead Reclaim and Rubber Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lead Reclaim and Rubber Products'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
	=	(25	+	1.6)	/	108.2
	=	0.25

Lead Reclaim and Rubber Products'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
	=	(30	+	8.8)	/	109.4
	=	0.35

Lead Reclaim and Rubber Products (NSE:LRRPL) 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.

Lead Reclaim and Rubber Products Debt-to-Equity Related Terms

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Lead Reclaim and Rubber Products (NSE:LRRPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lead Reclaim and Rubber Products Ltd (NSE:LRRPL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

856/4 Village Pethai Sarali Road, Kheda, GJ, IND, 387630

Website

https://www.leadreclaim.com

Lead Reclaim and Rubber Products Ltd manufactures premium-quality reclaimed rubber, crumb rubber, and rubber granule.

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