NTC Industries (BOM:526723) Debt-to-Equity : N/A (As of Dec. 2023)

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What is NTC Industries Debt-to-Equity?

NTC Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. NTC Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. NTC Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 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 NTC Industries's Debt-to-Equity or its related term are showing as below:

BOM:526723' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.91
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of NTC Industries was 0.91. The lowest was 0.05. And the median was 0.14.

BOM:526723's Debt-to-Equity is ranked better than
83.33% of 36 companies
in the Tobacco Products industry
Industry Median: 0.245 vs BOM:526723: 0.07

NTC Industries Debt-to-Equity Historical Data

The historical data trend for NTC Industries'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.

NTC Industries Debt-to-Equity Chart

NTC Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.22

0.12

0.06

0.07

NTC Industries 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	0.07	N/A	0.07	N/A

Competitive Comparison of NTC Industries's Debt-to-Equity

For the Tobacco subindustry, NTC Industries'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.

NTC Industries's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, NTC Industries's Debt-to-Equity distribution charts can be found below:

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

NTC Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NTC Industries'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
	=	(45.955	+	20)	/	888.383
	=	0.07

NTC Industries'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

NTC Industries (BOM:526723) 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.

NTC Industries Debt-to-Equity Related Terms

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

NTC Industries (BOM:526723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » NTC Industries Ltd (BOM:526723) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

149, B.T. Road, P.O. Kamarhati, Kolkata, WB, IND, 700058

Website

https://www.ntcind.com

NTC Industries Ltd engages in the manufacture of cigarettes and tobacco products. It offers filters, mentholated cigarettes, smoking mixtures, and pipe tobacco. Its products are marketed under the following brands: Royal king Golden king-size, DOS NTC, Elpatron, MayPole, and Jaipur. The company has a presence in southern America, African, and Middle Eastern countries. The company generates revenue from rental income, the sale of cylinder, and FMCG - Cigarettes, where the majority is being generated from the sale of Cigarettes. Geographically the company generates the majority of its revenue from India.

NTC Industries (BOM:526723) Headlines

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