Clara Industries (BOM:543435) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Clara Industries Debt-to-Equity?

Clara Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹5.20 Mil. Clara Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.96 Mil. Clara Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹387.63 Mil. Clara Industries's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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 Clara Industries's Debt-to-Equity or its related term are showing as below:

BOM:543435' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.45
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Clara Industries was 0.45. The lowest was 0.02. And the median was 0.14.

BOM:543435's Debt-to-Equity is ranked better than
97.1% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BOM:543435: 0.02

Clara Industries Debt-to-Equity Historical Data

The historical data trend for Clara 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.

Clara Industries Debt-to-Equity Chart

Clara Industries Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

0.14

0.44

Clara Industries Quarterly Data
	Jun21	Nov21	Mar22	Jun22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.14	N/A	0.10	0.44	0.02

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

For the Packaging & Containers subindustry, Clara 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.

Clara Industries's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Clara Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clara 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
	=	(40.139	+	0.96)	/	93.466
	=	0.44

Clara Industries'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
	=	(5.202	+	0.96)	/	387.628
	=	0.02

Clara Industries (BOM:543435) 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.

Clara Industries Debt-to-Equity Related Terms

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

Clara Industries (BOM:543435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Clara Industries Ltd (BOM:543435) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

127/1, Gram Simbhalka Junardar Paragna, Tehsil and District Saharanpur, Saharanpur, UP, IND, 247001

Website

https://www.clara.co.in

Clara Industries Ltd is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India.

Clara Industries (BOM:543435) Headlines

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