The United Basalt Products (XMAU:UBP) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is The United Basalt Products Debt-to-Equity?

The United Basalt Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0 Mil. The United Basalt Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0 Mil. The United Basalt Products's Total Stockholders Equity for the quarter that ended in Mar. 2024 was MUR4,244 Mil. The United Basalt Products's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 The United Basalt Products's Debt-to-Equity or its related term are showing as below:

XMAU:UBP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.36 Max: 0.55
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of The United Basalt Products was 0.55. The lowest was 0.29. And the median was 0.36.

XMAU:UBP's Debt-to-Equity is ranked worse than
65.16% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs XMAU:UBP: 0.55

The United Basalt Products Debt-to-Equity Historical Data

The historical data trend for The United Basalt Products'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.

The United Basalt Products Debt-to-Equity Chart

The United Basalt Products Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.33

0.29

0.53

0.55

The United Basalt Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															-	0.55	-	-	-

Competitive Comparison of The United Basalt Products's Debt-to-Equity

For the Building Materials subindustry, The United Basalt Products'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.

The United Basalt Products's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, The United Basalt Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The United Basalt Products's Debt-to-Equity falls into.

The United Basalt Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The United Basalt Products's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1598.959	+	738.358)	/	4215.442
	=	0.55

The United Basalt Products'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	+	0)	/	4244.332
	=	0.00

The United Basalt Products (XMAU:UBP) 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.

The United Basalt Products Debt-to-Equity Related Terms

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

The United Basalt Products (XMAU:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » The United Basalt Products Ltd (XMAU:UBP) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Trianon, Quatre-Bornes, MUS

Website

https://www.ubp.mu

The United Basalt Products Ltd is engaged in the manufacturing and sale of building materials which consist mainly of aggregates, rock sand, and concrete blocks. Other products include precast concrete slabs, ready-to-use dry mortar, various concrete building components including paving-blocks and roof tiles, imported floor and wall tiles, sanitary ware and a complete range of home building and decorating products, fittings, tools, and garden accessories. Services rendered consist mainly of engineering works by the company's workshop and contracting services. The group's business segments consist of core business activities, Building Material and agriculture. Geographically, majority of its activity is performed in Mauritius.