Oriental Aromatics (BOM:500078) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Oriental Aromatics Debt-to-Equity?

Oriental Aromatics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,528 Mil. Oriental Aromatics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹529 Mil. Oriental Aromatics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹6,323 Mil. Oriental Aromatics's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Oriental Aromatics's Debt-to-Equity or its related term are showing as below:

BOM:500078' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 0.71
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Oriental Aromatics was 0.71. The lowest was 0.11. And the median was 0.35.

BOM:500078's Debt-to-Equity is ranked better than
53.13% of 1391 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:500078: 0.33

Oriental Aromatics Debt-to-Equity Historical Data

The historical data trend for Oriental Aromatics'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.

Oriental Aromatics Debt-to-Equity Chart

Oriental Aromatics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.11

0.14

0.23

0.37

0.33

Oriental Aromatics 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															0.37	N/A	0.35	N/A	0.33

Competitive Comparison of Oriental Aromatics's Debt-to-Equity

For the Specialty Chemicals subindustry, Oriental Aromatics'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.

Oriental Aromatics's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Oriental Aromatics's Debt-to-Equity distribution charts can be found below:

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

Oriental Aromatics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oriental Aromatics'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
	=	(1528.322	+	529.183)	/	6323.486
	=	0.33

Oriental Aromatics'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
	=	(1528.322	+	529.183)	/	6323.486
	=	0.33

Oriental Aromatics (BOM:500078) 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.

Oriental Aromatics Debt-to-Equity Related Terms

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Oriental Aromatics (BOM:500078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Oriental Aromatics Ltd (BOM:500078) » Definitions » Debt-to-Equity

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OAL:India

Address

Mahatma Gandhi Road, 133, Jehangir Building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001

Website

https://www.orientalaromatics.com

Oriental Aromatics Ltd is Indian based company engaged in the business of manufacture of fine chemicals along with its principal products and services include Perfumery Chemicals, and Camphor and Isoborneol. The organization is also holds manufacturing and selling of camphor, terpineols, resins, aromatic and terpene chemicals, fragrance chemicals and fragrance chemical intermediaries. The firm offers a range of products, which consists of synthetic camphor, terpineols, pine oils, resins, astromusk, perfumery chemicals and specialty chemicals. The primary segment of the company is in the business of manufacture of fine chemicals. It operates in two geographical segments: Domestic and Export. The company made majority of its revenue within operations in India.

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