Signet Industries (NSE:SIGIND) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Signet Industries Debt-to-Equity?

Signet Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Signet Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Signet Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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

NSE:SIGIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 1.51 Max: 4.11
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Signet Industries was 4.11. The lowest was 1.19. And the median was 1.51.

NSE:SIGIND's Debt-to-Equity is ranked worse than
94.48% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:SIGIND: 1.66

Signet Industries Debt-to-Equity Historical Data

The historical data trend for Signet 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.

* Premium members only.

Signet Industries Debt-to-Equity Chart

Signet Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.19

1.31

1.49

1.50

1.42

Signet Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.42	N/A	1.66	N/A

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

For the Specialty Chemicals subindustry, Signet 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.

Signet Industries's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Signet Industries's Debt-to-Equity distribution charts can be found below:

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

Signet Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Signet 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
	=	(2441.609	+	484.885)	/	2064.576
	=	1.42

Signet Industries'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
	=	(0	+	0)	/	0
	=	N/A

Signet Industries (NSE:SIGIND) 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.

Signet Industries Debt-to-Equity Related Terms

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

Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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