Manali Petrochemicals (BOM:500268) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Manali Petrochemicals Debt-to-Equity?

Manali Petrochemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹283 Mil. Manali Petrochemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹748 Mil. Manali Petrochemicals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹10,617 Mil. Manali Petrochemicals's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Manali Petrochemicals's Debt-to-Equity or its related term are showing as below:

BOM:500268' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.13
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Manali Petrochemicals was 0.13. The lowest was 0.00. And the median was 0.08.

BOM:500268's Debt-to-Equity is ranked better than
77.83% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs BOM:500268: 0.10

Manali Petrochemicals Debt-to-Equity Historical Data

The historical data trend for Manali Petrochemicals'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.

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Manali Petrochemicals Debt-to-Equity Chart

Manali Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.13

0.07

0.08

0.10

Manali Petrochemicals 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															0.08	N/A	0.08	N/A	0.10

Competitive Comparison of Manali Petrochemicals's Debt-to-Equity

For the Specialty Chemicals subindustry, Manali Petrochemicals'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.

Manali Petrochemicals's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Manali Petrochemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manali Petrochemicals'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
	=	(282.6	+	747.9)	/	10617
	=	0.10

Manali Petrochemicals'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
	=	(282.6	+	747.9)	/	10617
	=	0.10

Manali Petrochemicals (BOM:500268) 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.

Manali Petrochemicals Debt-to-Equity Related Terms

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Manali Petrochemicals (BOM:500268) Business Description

Industry

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MANALIPETC:India

Address

88 Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600032

Website

https://www.manalipetro.com

Manali Petrochemicals Ltd operates in the chemical industry. The company is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG), and Polyols (PY). It serves various industries such as appliances, automotive, bedding, food and fragrances, furniture, footwear, paints and coatings, and pharmaceuticals. The company's only operating segment includes the manufacture and sale of petrochemical products. Geographically, it operates only in India.

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