CDG Petchem (BOM:534796) Debt-to-Equity : 13.07 (As of Mar. 2024)

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What is CDG Petchem Debt-to-Equity?

CDG Petchem's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹73.0 Mil. CDG Petchem's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹42.6 Mil. CDG Petchem's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹8.8 Mil. CDG Petchem's debt to equity for the quarter that ended in Mar. 2024 was 13.07.

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 CDG Petchem's Debt-to-Equity or its related term are showing as below:

BOM:534796' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 2.73 Max: 13.07
Current: 13.07

During the past 13 years, the highest Debt-to-Equity Ratio of CDG Petchem was 13.07. The lowest was 0.00. And the median was 2.73.

BOM:534796's Debt-to-Equity is ranked worse than
99.25% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:534796: 13.07

CDG Petchem Debt-to-Equity Historical Data

The historical data trend for CDG Petchem'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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CDG Petchem Debt-to-Equity Chart

CDG Petchem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.73

4.21

8.61

9.61

13.07

CDG Petchem Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															9.61	N/A	8.73	N/A	13.07

Competitive Comparison of CDG Petchem's Debt-to-Equity

For the Textile Manufacturing subindustry, CDG Petchem'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.

CDG Petchem's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CDG Petchem's Debt-to-Equity distribution charts can be found below:

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

CDG Petchem Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CDG Petchem'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
	=	(72.983	+	42.62)	/	8.843
	=	13.07

CDG Petchem'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
	=	(72.983	+	42.62)	/	8.843
	=	13.07

CDG Petchem (BOM:534796) 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.

CDG Petchem Debt-to-Equity Related Terms

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CDG Petchem (BOM:534796) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CDG Petchem Ltd (BOM:534796) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Pattigadda Road, Shyam Arihant, MCH No 1-8-304 to 307/10 & 11, Begumpet, Secunderabad, TG, IND, 500003

Website

https://www.cdgroup.in

CDG Petchem Ltd formerly, Urbaknitt Fabs Ltd is an Indian company engaged in the business of trading and manufacturing of knitted products and chemicals. It offers products such as Technical fabrics, Insulation Sheets, Pillows, Mattresses, Mats, and spreads, among others. The brands of the company are Urbaknitt and Morbido. Through its subsidiary, the company imports markets and distributes products (Chemicals) to several industries ranging from plastics, polymers, construction, and paint, among others.

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