AksharChem (India) (BOM:524598) Debt-to-Equity : N/A (As of Dec. 2023)

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What is AksharChem (India) Debt-to-Equity?

AksharChem (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. AksharChem (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. AksharChem (India)'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 AksharChem (India)'s Debt-to-Equity or its related term are showing as below:

BOM:524598' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.35
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of AksharChem (India) was 0.35. The lowest was 0.00. And the median was 0.12.

BOM:524598's Debt-to-Equity is ranked better than
71.92% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:524598: 0.14

AksharChem (India) Debt-to-Equity Historical Data

The historical data trend for AksharChem (India)'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.

AksharChem (India) Debt-to-Equity Chart

AksharChem (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.18

0.09

AksharChem (India) 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	0.09	N/A	0.14	N/A

Competitive Comparison of AksharChem (India)'s Debt-to-Equity

For the Specialty Chemicals subindustry, AksharChem (India)'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.

AksharChem (India)'s Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AksharChem (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AksharChem (India)'s Debt-to-Equity falls into.

AksharChem (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AksharChem (India)'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
	=	(81.254	+	165)	/	2783.644
	=	0.09

AksharChem (India)'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

AksharChem (India) (BOM:524598) 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.

AksharChem (India) Debt-to-Equity Related Terms

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AksharChem (India) (BOM:524598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AksharChem (India) Ltd (BOM:524598) » Definitions » Debt-to-Equity

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AKSHARCHEM:India

Address

Corporate House No. 8, Arista at 8, Behind Rajpath Club, Bodakdev, Ahmedabad, GJ, IND, 380 054

Website

https://www.aksharchemindia.com

AksharChem (India) Ltd is an organic chemical manufacturing company. Its product offerings fall into two categories organic chemicals and inorganic chemicals, which further diversified into Vinyl Sulphone, H Acid, CPC Green in organic chemicals, and Precipitated Silica in inorganic chemicals. The company operates into a single segment which is the chemical business. The company has a presence in India, North America, Europe, the Middle East, Africa, South America, and Asia Pacific. It derives key revenue from Exporting the products.

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