Harshil Agrotech (BOM:505336) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Harshil Agrotech Debt-to-Equity?

Harshil Agrotech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Harshil Agrotech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6.8 Mil. Harshil Agrotech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹114.2 Mil. Harshil Agrotech's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Harshil Agrotech's Debt-to-Equity or its related term are showing as below:

BOM:505336' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.19 Med: -3.03 Max: 6.41
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Harshil Agrotech was 6.41. The lowest was -10.19. And the median was -3.03.

BOM:505336's Debt-to-Equity is ranked better than
89.64% of 280 companies
in the Retail - Defensive industry
Industry Median: 0.61 vs BOM:505336: 0.06

Harshil Agrotech Debt-to-Equity Historical Data

The historical data trend for Harshil Agrotech'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.

Harshil Agrotech Debt-to-Equity Chart

Harshil Agrotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-2.72

0.15

6.41

0.71

0.06

Harshil Agrotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.71	N/A	N/A	0.06

Competitive Comparison of Harshil Agrotech's Debt-to-Equity

For the Food Distribution subindustry, Harshil Agrotech'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.

Harshil Agrotech's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Harshil Agrotech's Debt-to-Equity distribution charts can be found below:

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

Harshil Agrotech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harshil Agrotech's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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	+	6.753)	/	114.188
	=	0.06

Harshil Agrotech's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	6.753)	/	114.188
	=	0.06

Harshil Agrotech (BOM:505336) 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.

Harshil Agrotech Debt-to-Equity Related Terms

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Harshil Agrotech (BOM:505336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Harshil Agrotech Ltd (BOM:505336) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. F-213, I Square, Nr. Shukan Mall Cross Road,, Science City Road,, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.mirchtechnologies.in

Harshil Agrotech Ltd Formerly Mirch Technologies (India) Ltd is previously engaged in industrial design and fabrication for Army, Navy, and Defense. The Company covers industries such as fertilizers, chemicals, petrochemicals, power plants, fibers, cement, steel plants, pharmaceuticals, dyes and intermediates, paper and pulp, and other allied processing industries. The Company is now engaged in Trading and Manufacturing of Agro and Its Related products.

Harshil Agrotech (BOM:505336) Headlines

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