Orient Ceratech (BOM:504879) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Orient Ceratech Debt-to-Equity?

Orient Ceratech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹428 Mil. Orient Ceratech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹148 Mil. Orient Ceratech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,757 Mil. Orient Ceratech's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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 Orient Ceratech's Debt-to-Equity or its related term are showing as below:

BOM:504879' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.21 Max: 0.35
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Orient Ceratech was 0.35. The lowest was 0.06. And the median was 0.21.

BOM:504879's Debt-to-Equity is ranked better than
77.51% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:504879: 0.21

Orient Ceratech Debt-to-Equity Historical Data

The historical data trend for Orient Ceratech'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.

Orient Ceratech Debt-to-Equity Chart

Orient Ceratech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.23

0.11

0.15

0.06

0.21

Orient Ceratech 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															0.06	N/A	0.10	N/A	0.21

Competitive Comparison of Orient Ceratech's Debt-to-Equity

For the Specialty Chemicals subindustry, Orient Ceratech'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.

Orient Ceratech's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Orient Ceratech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orient Ceratech'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
	=	(428.152	+	148.077)	/	2756.773
	=	0.21

Orient Ceratech'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
	=	(428.152	+	148.077)	/	2756.773
	=	0.21

Orient Ceratech (BOM:504879) 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.

Orient Ceratech Debt-to-Equity Related Terms

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

Orient Ceratech (BOM:504879) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orient Ceratech Ltd (BOM:504879) » Definitions » Debt-to-Equity

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ORIENTCER:India

Address

D.N. Road, Jeevan Udyog Building, 2nd Floor, 278, Fort, Mumbai, MH, IND, 400 001

Website

https://www.orientabrasives.com

Orient Ceratech Ltd is an Indian-based company. It has two reportable segments: Alumina Refactories, Monolithics products, and bauxite ores, which are the key revenue driver; and Power generation. Alumina Refractories and Monolithics products manufacture calcined bauxite, fused aluminum oxide abrasive grains, and low cement castables which are mainly consumed in steel plants. The company also has a thermal power plant, furnace oil-based power plant, and windmills. The power generated from the thermal power plant and furnace oil-based power plant is captively consumed at the plant and power generated from windmills is sold to the respective state power distribution companies.

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