Ester Industries (NSE:ESTER) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Ester Industries Debt-to-Equity?

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

NSE:ESTER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.93 Max: 1.26
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Ester Industries was 1.26. The lowest was 0.22. And the median was 0.93.

NSE:ESTER's Debt-to-Equity is ranked worse than
87.52% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:ESTER: 1.13

Ester Industries Debt-to-Equity Historical Data

The historical data trend for Ester 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.

Ester Industries Debt-to-Equity Chart

Ester Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.79

0.38

0.41

1.03

1.10

Ester 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	1.10	N/A	1.13	N/A

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

For the Specialty Chemicals subindustry, Ester 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.

Ester Industries's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ester Industries's Debt-to-Equity distribution charts can be found below:

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

Ester Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ester 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
	=	(2775.699	+	5381.424)	/	7434.32
	=	1.10

Ester 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

Ester Industries (NSE:ESTER) 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.

Ester Industries Debt-to-Equity Related Terms

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

Ester Industries (NSE:ESTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ester Industries Ltd (NSE:ESTER) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

500136:India

Address

Plot No. 11, Block-A, Infocity-I, Sector 34, Gurgaon, HR, IND, 122001

Website

https://www.esterindustries.com

Ester Industries Ltd is engaged in the manufacturing of polyester films, specialty polymers, and engineering plastic compounds. It operates through three segments; Polyester chips and film; Speciality Polymers and Engineering Plastics. The company generates maximum revenue from the Polyester chips and film segment. The Polyester chips and film segment is used in primarily flexible packaging and other industrial applications. It serves food packaging; beverage packaging; home and personal care; industrial packaging; construction; automotive; electrical and electronics, carpet, and other industries. Geographically, it derives a majority of its revenue from India.

Ester Industries (NSE:ESTER) Headlines

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