Ice Make Refrigeration (NSE:ICEMAKE) Debt-to-Equity : N/A (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Ice Make Refrigeration Debt-to-Equity?

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

NSE:ICEMAKE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.31 Max: 1.7
Current: 0.31

During the past 11 years, the highest Debt-to-Equity Ratio of Ice Make Refrigeration was 1.70. The lowest was 0.06. And the median was 0.31.

NSE:ICEMAKE's Debt-to-Equity is ranked worse than
52.23% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:ICEMAKE: 0.31

Ice Make Refrigeration Debt-to-Equity Historical Data

The historical data trend for Ice Make Refrigeration'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.

Ice Make Refrigeration Debt-to-Equity Chart

Ice Make Refrigeration Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.32

0.18

0.06

Ice Make Refrigeration Quarterly Data
	Sep18	Mar19	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	0.06	N/A	0.31	N/A

Competitive Comparison of Ice Make Refrigeration's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.

Ice Make Refrigeration's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ice Make Refrigeration's Debt-to-Equity falls into.

Ice Make Refrigeration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ice Make Refrigeration'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
	=	(9.839	+	38.732)	/	811.258
	=	0.06

Ice Make Refrigeration'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

Ice Make Refrigeration (NSE:ICEMAKE) 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.

Ice Make Refrigeration Debt-to-Equity Related Terms

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

Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ice Make Refrigeration Ltd (NSE:ICEMAKE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721

Website

https://www.icemakeindia.com

Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

Ice Make Refrigeration (NSE:ICEMAKE) Headlines

No Headlines