Technopack Polymers (BOM:543656) Debt-to-Equity : 0.39 (As of Sep. 2023)

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What is Technopack Polymers Debt-to-Equity?

Technopack Polymers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹27.1 Mil. Technopack Polymers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹43.0 Mil. Technopack Polymers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹180.8 Mil. Technopack Polymers's debt to equity for the quarter that ended in Sep. 2023 was 0.39.

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 Technopack Polymers's Debt-to-Equity or its related term are showing as below:

BOM:543656' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 1.3 Max: 4.51
Current: 0.39

During the past 4 years, the highest Debt-to-Equity Ratio of Technopack Polymers was 4.51. The lowest was 0.14. And the median was 1.30.

BOM:543656's Debt-to-Equity is ranked better than
53.58% of 349 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs BOM:543656: 0.39

Technopack Polymers Debt-to-Equity Historical Data

The historical data trend for Technopack Polymers'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.

Technopack Polymers Debt-to-Equity Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.64

4.51

1.30

0.14

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			4.51	1.30	N/A	0.14	0.39

Competitive Comparison of Technopack Polymers's Debt-to-Equity

For the Packaging & Containers subindustry, Technopack Polymers'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.

Technopack Polymers's Debt-to-Equity Distribution in the Packaging & Containers Industry

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

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

Technopack Polymers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Technopack Polymers'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
	=	(17.03	+	6.075)	/	170.886
	=	0.14

Technopack Polymers'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
	=	(27.079	+	42.976)	/	180.825
	=	0.39

Technopack Polymers (BOM:543656) 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.

Technopack Polymers Debt-to-Equity Related Terms

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Technopack Polymers (BOM:543656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preforms.

Technopack Polymers (BOM:543656) Headlines

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