Narmada Macplast Drip Irrigation Systems (BOM:517431) Debt-to-Equity : 0.18 (As of Sep. 2023)

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What is Narmada Macplast Drip Irrigation Systems Debt-to-Equity?

Narmada Macplast Drip Irrigation Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Narmada Macplast Drip Irrigation Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹4.34 Mil. Narmada Macplast Drip Irrigation Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹23.96 Mil. Narmada Macplast Drip Irrigation Systems's debt to equity for the quarter that ended in Sep. 2023 was 0.18.

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 Narmada Macplast Drip Irrigation Systems's Debt-to-Equity or its related term are showing as below:

BOM:517431' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.4
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Narmada Macplast Drip Irrigation Systems was 0.40. The lowest was 0.07. And the median was 0.19.

BOM:517431's Debt-to-Equity is ranked better than
73.91% of 184 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.42 vs BOM:517431: 0.18

Narmada Macplast Drip Irrigation Systems Debt-to-Equity Historical Data

The historical data trend for Narmada Macplast Drip Irrigation Systems'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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Narmada Macplast Drip Irrigation Systems Debt-to-Equity Chart

Narmada Macplast Drip Irrigation Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.15

0.07

0.15

0.19

0.18

Narmada Macplast Drip Irrigation Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.19	0.18	N/A	0.18

Competitive Comparison of Narmada Macplast Drip Irrigation Systems's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Narmada Macplast Drip Irrigation Systems'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.

Narmada Macplast Drip Irrigation Systems's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Narmada Macplast Drip Irrigation Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Narmada Macplast Drip Irrigation Systems's Debt-to-Equity falls into.

Narmada Macplast Drip Irrigation Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Narmada Macplast Drip Irrigation Systems's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(0	+	4.31)	/	23.393
	=	0.18

Narmada Macplast Drip Irrigation Systems's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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
	=	(0	+	4.342)	/	23.955
	=	0.18

Narmada Macplast Drip Irrigation Systems (BOM:517431) 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.

Narmada Macplast Drip Irrigation Systems Debt-to-Equity Related Terms

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Narmada Macplast Drip Irrigation Systems (BOM:517431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Narmada Macplast Drip Irrigation Systems Ltd (BOM:517431) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number 119-120, Santej-Vadsar Road, At and Post Santej, Taluka - Kalol, Gandhi Nagar, GJ, IND, 382721

Website

https://www.narmadadrip.com

Narmada Macplast Drip Irrigation Systems Ltd is engaged in trading of drip irrigation systems. Its products include Spray Nozzles, Spray bodies, Rotors 3500 series among others. It is also engaged in the business of import-export, consultancy of plastic products and raw materials, government Supplies and in liaison work.

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