Lyka Labs (BOM:500259) Debt-to-Equity : 0.86 (As of Mar. 2024)

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What is Lyka Labs Debt-to-Equity?

Lyka Labs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹145 Mil. Lyka Labs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹442 Mil. Lyka Labs's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹682 Mil. Lyka Labs's debt to equity for the quarter that ended in Mar. 2024 was 0.86.

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 Lyka Labs's Debt-to-Equity or its related term are showing as below:

BOM:500259' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.93 Med: 2.14 Max: 9.69
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Lyka Labs was 9.69. The lowest was -9.93. And the median was 2.14.

BOM:500259's Debt-to-Equity is ranked worse than
84.32% of 1065 companies
in the Biotechnology industry
Industry Median: 0.14 vs BOM:500259: 0.86

Lyka Labs Debt-to-Equity Historical Data

The historical data trend for Lyka Labs'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.

Lyka Labs Debt-to-Equity Chart

Lyka Labs Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-9.93

-6.30

9.69

1.62

0.86

Lyka Labs 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															1.62	N/A	0.79	N/A	0.86

Competitive Comparison of Lyka Labs's Debt-to-Equity

For the Biotechnology subindustry, Lyka Labs'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.

Lyka Labs's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Lyka Labs's Debt-to-Equity distribution charts can be found below:

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

Lyka Labs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lyka Labs'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
	=	(144.85	+	441.651)	/	681.543
	=	0.86

Lyka Labs'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
	=	(144.85	+	441.651)	/	681.543
	=	0.86

Lyka Labs (BOM:500259) 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.

Lyka Labs Debt-to-Equity Related Terms

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Lyka Labs (BOM:500259) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Lyka Labs Ltd (BOM:500259) » Definitions » Debt-to-Equity

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LYKALABS:India

Address

30, Forjett Street, Near Bhatia Hospital, Ground floor, Spencer Building (Block B & C), Grant Road (West), Mumbai, MH, IND, 400036

Website

http://www.lykalabs.com

Lyka Labs Ltd is an Indian biotechnology company. It mainly engages in the development of specialized formulations. The Company is engaged in only one segment viz. pharmaceuticals. The Company has presence in Domestic as well as International markets. The commercialized formulations of the company consist of hair care, anti-aging, acne management, skin lightening, face washes, sunscreens, facial scrubs, and others. It has developed a varied drug delivery system for topical steroids, painkillers, anti-fungal, and other emollients as well as liquid injectables, lyophilized injectables in the anti-bacterial, antifungal segment. The company also manufactures proton pump inhibitors, antibiotics, antifungals, steroids, etc. The majority of the company's revenue comes from India.

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