SP Refractories (NSE:SPRL) Debt-to-Equity : 0.54 (As of Sep. 2023)

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What is SP Refractories Debt-to-Equity?

SP Refractories's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹31.8 Mil. SP Refractories's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹20.3 Mil. SP Refractories's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹96.9 Mil. SP Refractories's debt to equity for the quarter that ended in Sep. 2023 was 0.54.

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

NSE:SPRL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.73 Max: 1.06
Current: 0.54

During the past 5 years, the highest Debt-to-Equity Ratio of SP Refractories was 1.06. The lowest was 0.54. And the median was 0.73.

NSE:SPRL's Debt-to-Equity is ranked worse than
64.31% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs NSE:SPRL: 0.54

SP Refractories Debt-to-Equity Historical Data

The historical data trend for SP Refractories'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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SP Refractories Debt-to-Equity Chart

SP Refractories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.06

0.81

0.61

SP Refractories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.72	0.61	0.73	0.61	0.54

Competitive Comparison of SP Refractories's Debt-to-Equity

For the Building Materials subindustry, SP Refractories'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.

SP Refractories's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, SP Refractories's Debt-to-Equity distribution charts can be found below:

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

SP Refractories Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SP Refractories'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
	=	(33.127	+	21.073)	/	89.399
	=	0.61

SP Refractories'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
	=	(31.785	+	20.3)	/	96.897
	=	0.54

SP Refractories (NSE:SPRL) 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.

SP Refractories Debt-to-Equity Related Terms

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

SP Refractories (NSE:SPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SP Refractories Ltd (NSE:SPRL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.sprefractories.com

SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The Company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.

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