Pattech Fitwell Tube Components (NSE:PATTECH) Debt-to-Equity : 0.59 (As of Sep. 2023)

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What is Pattech Fitwell Tube Components Debt-to-Equity?

Pattech Fitwell Tube Components's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹25.9 Mil. Pattech Fitwell Tube Components's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹81.7 Mil. Pattech Fitwell Tube Components's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹182.7 Mil. Pattech Fitwell Tube Components's debt to equity for the quarter that ended in Sep. 2023 was 0.59.

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 Pattech Fitwell Tube Components's Debt-to-Equity or its related term are showing as below:

NSE:PATTECH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 3 Max: 4.57
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of Pattech Fitwell Tube Components was 4.57. The lowest was 0.59. And the median was 3.00.

NSE:PATTECH's Debt-to-Equity is ranked worse than
63.54% of 554 companies
in the Steel industry
Industry Median: 0.4 vs NSE:PATTECH: 0.59

Pattech Fitwell Tube Components Debt-to-Equity Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Debt-to-Equity Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Equity

4.57

3.04

2.96

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Debt-to-Equity	4.57	3.04	2.96	0.59

Competitive Comparison of Pattech Fitwell Tube Components's Debt-to-Equity

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Debt-to-Equity falls into.

Pattech Fitwell Tube Components Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pattech Fitwell Tube Components's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(43.88	+	122.477)	/	56.306
	=	2.95

Pattech Fitwell Tube Components'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
	=	(25.907	+	81.721)	/	182.739
	=	0.59

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components Debt-to-Equity Related Terms

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Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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