Tarai Foods (BOM:519285) Debt-to-Equity : -1.74 (As of Dec. 2023)

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What is Tarai Foods Debt-to-Equity?

Tarai Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Tarai Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹38.70 Mil. Tarai Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹-22.30 Mil. Tarai Foods's debt to equity for the quarter that ended in Dec. 2023 was -1.74.

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 Tarai Foods's Debt-to-Equity or its related term are showing as below:

BOM:519285' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.79 Med: -1.26 Max: 0.17
Current: -1.74

During the past 13 years, the highest Debt-to-Equity Ratio of Tarai Foods was 0.17. The lowest was -2.79. And the median was -1.26.

BOM:519285's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.405 vs BOM:519285: -1.74

Tarai Foods Debt-to-Equity Historical Data

The historical data trend for Tarai Foods'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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Tarai Foods Debt-to-Equity Chart

Tarai Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-2.71

-2.36

-1.96

-1.50

-1.27

Tarai Foods 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															-1.32	-1.27	-1.24	-1.43	-1.74

Competitive Comparison of Tarai Foods's Debt-to-Equity

For the Farm Products subindustry, Tarai Foods'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.

Tarai Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tarai Foods's Debt-to-Equity distribution charts can be found below:

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

Tarai Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tarai Foods'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
	=	(0	+	27.791)	/	-21.869
	=	-1.27

Tarai Foods'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	+	38.7)	/	-22.3
	=	-1.74

Tarai Foods (BOM:519285) 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.

Tarai Foods Debt-to-Equity Related Terms

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Tarai Foods (BOM:519285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tarai Foods Ltd (BOM:519285) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sandhu Farms, Village Fazilpur Meharola, P.O. Box No. 18, District Udham Singh Nagar, Rudrapur, UT, IND, 263153

Website

https://www.taraifoods.in

Tarai Foods Ltd is engaged in food processing. It manufactures frozen fruits and vegetables using the Individual Quick Frozen (IQF) freezing technology. Tarai has a processing plant located in Rudrapur, Uttrakhand. The plant is capable of processing and freezing all kinds of products like fruits, vegetables, meats, and fish. Its products include frozen peas, frozen sweet corn, frozen mixed vegetables, and fresh, frozen, and canned mushrooms.

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