Innovative Tech Pack (BOM:523840) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Innovative Tech Pack Debt-to-Equity?

Innovative Tech Pack's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Innovative Tech Pack's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Innovative Tech Pack's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Innovative Tech Pack's Debt-to-Equity or its related term are showing as below:

BOM:523840' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.93 Max: 1.17
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Innovative Tech Pack was 1.17. The lowest was 0.54. And the median was 0.93.

BOM:523840's Debt-to-Equity is ranked worse than
75.36% of 349 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs BOM:523840: 0.89

Innovative Tech Pack Debt-to-Equity Historical Data

The historical data trend for Innovative Tech Pack'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.

Innovative Tech Pack Debt-to-Equity Chart

Innovative Tech Pack Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.05

0.85

1.12

1.09

1.11

Innovative Tech Pack Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.11	N/A	0.89	N/A

Competitive Comparison of Innovative Tech Pack's Debt-to-Equity

For the Packaging & Containers subindustry, Innovative Tech Pack'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.

Innovative Tech Pack's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Innovative Tech Pack's Debt-to-Equity falls into.

Innovative Tech Pack Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovative Tech Pack'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
	=	(102.196	+	273.453)	/	338.571
	=	1.11

Innovative Tech Pack's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	0
	=	N/A

Innovative Tech Pack (BOM:523840) 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.

Innovative Tech Pack Debt-to-Equity Related Terms

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

Innovative Tech Pack (BOM:523840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Innovative Tech Pack Ltd (BOM:523840) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

803-805, 8th Floor, Tower-2, Plot No -22, Sector-135, Assotech Business Cresterra, Noida, UP, IND, 201301

Website

https://www.itplgroup.com

Innovative Tech Pack Ltd operates in the plastic packaging industry. The company is engaged in the business of manufacturing and reselling plastic bottles, jars, containers, pre-forms, and caps. Its product portfolio includes packaging for oils, liquor, medicinal syrups, sauces, insect repellents, honey, energy powders, candies, biscuits, mayonnaise, and dairy-based beverages. The company serves clients in various industries including food, confectionery, beverage, consumer care, pharmaceutical, dairy, and other industries.

Innovative Tech Pack (BOM:523840) Headlines

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