Kovilpatti Lakshmi Roller Flour Mills (BOM:507598) Debt-to-Equity : 1.34 (As of Mar. 2024)

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What is Kovilpatti Lakshmi Roller Flour Mills Debt-to-Equity?

Kovilpatti Lakshmi Roller Flour Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹432 Mil. Kovilpatti Lakshmi Roller Flour Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹463 Mil. Kovilpatti Lakshmi Roller Flour Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹667 Mil. Kovilpatti Lakshmi Roller Flour Mills's debt to equity for the quarter that ended in Mar. 2024 was 1.34.

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 Kovilpatti Lakshmi Roller Flour Mills's Debt-to-Equity or its related term are showing as below:

BOM:507598' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1.34 Max: 2.09
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Kovilpatti Lakshmi Roller Flour Mills was 2.09. The lowest was 0.61. And the median was 1.34.

BOM:507598's Debt-to-Equity is ranked worse than
84.52% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs BOM:507598: 1.34

Kovilpatti Lakshmi Roller Flour Mills Debt-to-Equity Historical Data

The historical data trend for Kovilpatti Lakshmi Roller Flour Mills'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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Kovilpatti Lakshmi Roller Flour Mills Debt-to-Equity Chart

Kovilpatti Lakshmi Roller Flour Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.74

0.61

0.93

0.68

1.34

Kovilpatti Lakshmi Roller Flour Mills 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															0.68	N/A	0.88	N/A	1.34

Competitive Comparison of Kovilpatti Lakshmi Roller Flour Mills's Debt-to-Equity

For the Packaged Foods subindustry, Kovilpatti Lakshmi Roller Flour Mills'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.

Kovilpatti Lakshmi Roller Flour Mills's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kovilpatti Lakshmi Roller Flour Mills's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kovilpatti Lakshmi Roller Flour Mills's Debt-to-Equity falls into.

Kovilpatti Lakshmi Roller Flour Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kovilpatti Lakshmi Roller Flour Mills'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
	=	(432.143	+	462.804)	/	666.737
	=	1.34

Kovilpatti Lakshmi Roller Flour Mills'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
	=	(432.143	+	462.804)	/	666.737
	=	1.34

Kovilpatti Lakshmi Roller Flour Mills (BOM:507598) 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.

Kovilpatti Lakshmi Roller Flour Mills Debt-to-Equity Related Terms

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Kovilpatti Lakshmi Roller Flour Mills (BOM:507598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kovilpatti Lakshmi Roller Flour Mills Ltd (BOM:507598) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

62, Balasundaram Road, 8th Floor, Time Square, Coimbatore, TN, IND, 641018

Website

https://www.klrf.in

Kovilpatti Lakshmi Roller Flour Mills Ltd is engaged in the wheat flour milling business in India. The company is engaged in the business of Food Processing and Engineering which is its two operating segments. It operates through Food Processing and Engineering segments. It offers maida, sooji, atta, wheat bran, and other products under the Kuthuvilakku, Kera, and Alamaram brand names. Its distribution network involves wholesale and retail outlets.

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