JK Cement (NSE:JKCEMENT) Debt-to-Equity : 1.03 (As of Mar. 2024)

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What is JK Cement Debt-to-Equity?

JK Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹11,836 Mil. JK Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹43,658 Mil. JK Cement's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹53,671 Mil. JK Cement's debt to equity for the quarter that ended in Mar. 2024 was 1.03.

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 JK Cement's Debt-to-Equity or its related term are showing as below:

NSE:JKCEMENT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 1.14 Max: 1.97
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of JK Cement was 1.97. The lowest was 0.95. And the median was 1.14.

NSE:JKCEMENT's Debt-to-Equity is ranked worse than
86.4% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs NSE:JKCEMENT: 1.03

JK Cement Debt-to-Equity Historical Data

The historical data trend for JK Cement'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.

JK Cement Debt-to-Equity Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.16

0.97

0.95

1.13

1.03

JK Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	N/A	1.10	N/A	1.03

Competitive Comparison of JK Cement's Debt-to-Equity

For the Building Materials subindustry, JK Cement'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.

JK Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Debt-to-Equity distribution charts can be found below:

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

JK Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JK Cement's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(11836.1	+	43658.2)	/	53671.4
	=	1.03

JK Cement's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(11836.1	+	43658.2)	/	53671.4
	=	1.03

JK Cement (NSE:JKCEMENT) 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.

JK Cement Debt-to-Equity Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » Debt-to-Equity

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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