Himadri Speciality Chemical (BOM:500184) Debt-to-Equity : 0.20 (As of Mar. 2024)

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What is Himadri Speciality Chemical Debt-to-Equity?

Himadri Speciality Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,803 Mil. Himadri Speciality Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹246 Mil. Himadri Speciality Chemical's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹30,456 Mil. Himadri Speciality Chemical's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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 Himadri Speciality Chemical's Debt-to-Equity or its related term are showing as below:

BOM:500184' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.39 Max: 1.36
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Himadri Speciality Chemical was 1.36. The lowest was 0.20. And the median was 0.39.

BOM:500184's Debt-to-Equity is ranked better than
65.04% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:500184: 0.20

Himadri Speciality Chemical Debt-to-Equity Historical Data

The historical data trend for Himadri Speciality Chemical'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.

Himadri Speciality Chemical Debt-to-Equity Chart

Himadri Speciality Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.30

0.41

0.31

0.37

0.20

Himadri Speciality Chemical 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	0.41	N/A	0.20

Competitive Comparison of Himadri Speciality Chemical's Debt-to-Equity

For the Specialty Chemicals subindustry, Himadri Speciality Chemical'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.

Himadri Speciality Chemical's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Himadri Speciality Chemical's Debt-to-Equity falls into.

Himadri Speciality Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Himadri Speciality Chemical'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
	=	(5803.2	+	246.4)	/	30455.8
	=	0.20

Himadri Speciality Chemical'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
	=	(5803.2	+	246.4)	/	30455.8
	=	0.20

Himadri Speciality Chemical (BOM:500184) 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.

Himadri Speciality Chemical Debt-to-Equity Related Terms

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Himadri Speciality Chemical (BOM:500184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Himadri Speciality Chemical Ltd (BOM:500184) » Definitions » Debt-to-Equity

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HSCL:India

Address

India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001

Website

https://www.himadri.com

Himadri Speciality Chemical Ltd is an Indian Coal Tar Pitch manufacturer with supplies to aluminium and graphite manufacturers. The company operates its business through two segments, which include Carbon Materials and chemicals; and Power. Through its operating segments, the company serves coal tar pitch to various industries to help manufacture aluminum, graphite electrodes, warhead missiles, lithium-ion batteries, and sulphonated naphthalene formaldehyde. Himadri also generates power through the windmills, which is marketed to the state electricity grid. Most of its revenue gets derived from the Carbon materials and chemicals segment. The group has a business presence in India and Outside India.

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