Roni Households (BOM:542145) Debt-to-Equity : 0.21 (As of Sep. 2023)

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What is Roni Households Debt-to-Equity?

Roni Households's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹16.8 Mil. Roni Households's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹11.1 Mil. Roni Households's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹132.0 Mil. Roni Households's debt to equity for the quarter that ended in Sep. 2023 was 0.21.

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 Roni Households's Debt-to-Equity or its related term are showing as below:

BOM:542145' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.89 Max: 1.58
Current: 0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Roni Households was 1.58. The lowest was 0.19. And the median was 0.89.

BOM:542145's Debt-to-Equity is ranked better than
67.68% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs BOM:542145: 0.21

Roni Households Debt-to-Equity Historical Data

The historical data trend for Roni Households'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.

Roni Households Debt-to-Equity Chart

Roni Households Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.66

0.78

0.95

1.07

0.19

Roni Households Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.96	1.07	1.14	0.19	0.21

Competitive Comparison of Roni Households's Debt-to-Equity

For the Household & Personal Products subindustry, Roni Households'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.

Roni Households's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Roni Households Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Roni Households'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
	=	(12.011	+	12.115)	/	128.587
	=	0.19

Roni Households'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
	=	(16.831	+	11.057)	/	131.953
	=	0.21

Roni Households (BOM:542145) 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.

Roni Households Debt-to-Equity Related Terms

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

Roni Households (BOM:542145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Roni Households Ltd (BOM:542145) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ajanta Road, Plot No. F-55, Addl. MIDC Area, Jalgaon, MH, IND, 425003

Website

https://www.ronihouseholds.com

Roni Households Ltd is an India-based company engaged in the trading of plastic granules and plastic household products. The company currently trades in plastic granules and plastic household products which include Tub, Buckets, Office furniture, and Ghamela among others.

Roni Households (BOM:542145) Headlines

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