Gujarat Containers (BOM:513507) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Gujarat Containers Debt-to-Equity?

Gujarat Containers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹244 Mil. Gujarat Containers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5 Mil. Gujarat Containers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹437 Mil. Gujarat Containers's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Gujarat Containers's Debt-to-Equity or its related term are showing as below:

BOM:513507' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 1.54 Max: 2.35
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Gujarat Containers was 2.35. The lowest was 0.55. And the median was 1.54.

BOM:513507's Debt-to-Equity is ranked worse than
56.81% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BOM:513507: 0.55

Gujarat Containers Debt-to-Equity Historical Data

The historical data trend for Gujarat Containers'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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Gujarat Containers Debt-to-Equity Chart

Gujarat Containers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.09

1.79

1.26

0.61

0.57

Gujarat Containers 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															0.61	N/A	0.55	N/A	0.57

Competitive Comparison of Gujarat Containers's Debt-to-Equity

For the Packaging & Containers subindustry, Gujarat Containers'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.

Gujarat Containers's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Gujarat Containers's Debt-to-Equity distribution charts can be found below:

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

Gujarat Containers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gujarat Containers'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
	=	(243.795	+	5.439)	/	437.245
	=	0.57

Gujarat Containers'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
	=	(243.795	+	5.439)	/	437.245
	=	0.57

Gujarat Containers (BOM:513507) 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.

Gujarat Containers Debt-to-Equity Related Terms

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Gujarat Containers (BOM:513507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Gujarat Containers Ltd (BOM:513507) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

R.C.Dutt Road, 201/202, Alkapuri Arcade, B Wing, Opposite Welcome Hotel, Alkapuri, Vadodara, GJ, IND, 390007

Website

https://www.gujaratcontainers.com

Gujarat Containers Ltd is a container manufacturing company. It is engaged in the manufacturing of various types of barrels. Its products include galvanized, epoxy, composite, all side welded, open-top, M.S. plain, non-return valve, HMHDPE, and GP sheet barrels, as well as carboys and liners, and jerry cans. The company offers its products for applications in various industries, including a plethora of chemicals; agrochemicals, aromatic products; paints, coatings, and dyestuff; food products; petroleum products and their by-products; lubricating oils; pharmaceutical; hazardous chemicals; and resins. The company operates in one operating segment namely, the business of manufacturing steel barrels.

Gujarat Containers (BOM:513507) Headlines

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