Essen Speciality Films (NSE:ESFL) Debt-to-Equity : 0.08 (As of Mar. 2023)

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What is Essen Speciality Films Debt-to-Equity?

Essen Speciality Films's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹33 Mil. Essen Speciality Films's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹32 Mil. Essen Speciality Films's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹856 Mil. Essen Speciality Films's debt to equity for the quarter that ended in Mar. 2023 was 0.08.

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 Essen Speciality Films's Debt-to-Equity or its related term are showing as below:

NSE:ESFL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.36
Current: 0.08

During the past 4 years, the highest Debt-to-Equity Ratio of Essen Speciality Films was 0.36. The lowest was 0.07. And the median was 0.15.

NSE:ESFL's Debt-to-Equity is ranked better than
80.26% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs NSE:ESFL: 0.08

Essen Speciality Films Debt-to-Equity Historical Data

The historical data trend for Essen Speciality Films'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.

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Essen Speciality Films Debt-to-Equity Chart

Essen Speciality Films Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.07

0.23

0.36

0.08

Essen Speciality Films Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	0.07	0.23	0.36	0.08

Competitive Comparison of Essen Speciality Films's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Essen Speciality Films'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.

Essen Speciality Films's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Essen Speciality Films's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Essen Speciality Films's Debt-to-Equity falls into.

Essen Speciality Films Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Essen Speciality Films'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
	=	(33.298	+	32.442)	/	856.189
	=	0.08

Essen Speciality Films's Debt to Equity Ratio for the quarter 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
	=	(33.298	+	32.442)	/	856.189
	=	0.08

Essen Speciality Films (NSE:ESFL) 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.

Essen Speciality Films Debt-to-Equity Related Terms

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Essen Speciality Films (NSE:ESFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Essen Speciality Films Ltd (NSE:ESFL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No. 192, Shapar, Industrial Area, Plot No. A, Veraval, Rajkot, GJ, IND, 360002

Website

https://www.essenspeciality.com

Essen Speciality Films Ltd is a manufacturer and exporter of specialized plastic products in the home improvement and home furnishing industry, to renowned multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc. The product mix of the company makes it a one-of-a-kind manufacturer in the world with ranges in the bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products all under one roof.

Essen Speciality Films (NSE:ESFL) Headlines

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