Astron Paper & Board Mill (BOM:540824) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Astron Paper & Board Mill Debt-to-Equity?

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

BOM:540824' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.53 Max: 3.06
Current: 0.54

During the past 11 years, the highest Debt-to-Equity Ratio of Astron Paper & Board Mill was 3.06. The lowest was 0.33. And the median was 0.53.

BOM:540824's Debt-to-Equity is ranked worse than
52.45% of 265 companies
in the Forest Products industry
Industry Median: 0.49 vs BOM:540824: 0.54

Astron Paper & Board Mill Debt-to-Equity Historical Data

The historical data trend for Astron Paper & Board Mill'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.

Astron Paper & Board Mill Debt-to-Equity Chart

Astron Paper & Board Mill Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.45

0.44

0.33

0.42

0.53

Astron Paper & Board Mill 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	0.53	N/A	0.54	N/A

Competitive Comparison of Astron Paper & Board Mill's Debt-to-Equity

For the Paper & Paper Products subindustry, Astron Paper & Board Mill'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.

Astron Paper & Board Mill's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Astron Paper & Board Mill's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Astron Paper & Board Mill's Debt-to-Equity falls into.

Astron Paper & Board Mill Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Astron Paper & Board Mill'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
	=	(815.86	+	28.508)	/	1591.993
	=	0.53

Astron Paper & Board Mill'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

Astron Paper & Board Mill (BOM:540824) 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.

Astron Paper & Board Mill Debt-to-Equity Related Terms

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

Astron Paper & Board Mill (BOM:540824) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Astron Paper & Board Mill Ltd (BOM:540824) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ASTRON:India

Address

S G Highway, Ganesh Meridian, D-702, 7th Floor, Opposite High Court, Ahmedabad, GJ, IND, 380060

Website

https://www.astronpaper.com

Astron Paper & Board Mill Ltd is engaged in recycled corrugated paper manufacturing in India. The company mainly caters packaging industry and has developed a loyal clientele network. the product portfolio includes varied products like VTL, High RCT, Kraft Liner, Test Liner to Corrugated Medium Paper, ranging mainly from 80 GSM to 350 GSM and 16-40 BF. The dominant source of income of t e company is from the sale of kraft paper.

Astron Paper & Board Mill (BOM:540824) Headlines

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