Felix Industries (NSE:FELIX) Debt-to-Equity : 0.27 (As of Mar. 2023)

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What is Felix Industries Debt-to-Equity?

Felix Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹27.2 Mil. Felix Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹17.2 Mil. Felix Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹162.0 Mil. Felix Industries's debt to equity for the quarter that ended in Mar. 2023 was 0.27.

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

NSE:FELIX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.39 Max: 12.71
Current: 0.27

During the past 11 years, the highest Debt-to-Equity Ratio of Felix Industries was 12.71. The lowest was 0.06. And the median was 0.39.

NSE:FELIX's Debt-to-Equity is ranked better than
74.21% of 221 companies
in the Waste Management industry
Industry Median: 0.73 vs NSE:FELIX: 0.27

Felix Industries Debt-to-Equity Historical Data

The historical data trend for Felix 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.

Felix Industries Debt-to-Equity Chart

Felix Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.27

0.49

0.54

0.27

Felix Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial												0.49	N/A	0.54	0.58	0.27

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

For the Waste Management subindustry, Felix 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.

Felix Industries's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Felix Industries's Debt-to-Equity distribution charts can be found below:

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

Felix Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Felix 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
	=	(27.224	+	17.162)	/	162.033
	=	0.27

Felix Industries'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
	=	(27.224	+	17.162)	/	162.033
	=	0.27

Felix Industries (NSE:FELIX) 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.

Felix Industries Debt-to-Equity Related Terms

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

Felix Industries (NSE:FELIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Felix Industries Ltd (NSE:FELIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mithakhali Cross Road, Ellisbridge, No. 208, Devshruti Complex, Opposite HCG Hospital, Ahmedabad, GJ, IND, 380006

Website

https://www.felixindustries.co

Felix Industries Ltd is an Indian company engaged in water collection, treatment, and supply. It offers solutions for water, and wastewater management by way of Reverse Osmosis Systems, Effluent Recycling Systems, and Zero Liquid Discharge Systems. The company provides services in the areas of water and wastewater engineering, industrial piping division, and E-waste recycling.

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