Mahickra Chemicals (NSE:MAHICKRA) Debt-to-Equity : 0.44 (As of Sep. 2023)

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What is Mahickra Chemicals Debt-to-Equity?

Mahickra Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹139.8 Mil. Mahickra Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹5.1 Mil. Mahickra Chemicals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹329.8 Mil. Mahickra Chemicals's debt to equity for the quarter that ended in Sep. 2023 was 0.44.

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 Mahickra Chemicals's Debt-to-Equity or its related term are showing as below:

NSE:MAHICKRA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.33 Max: 3.91
Current: 0.44

During the past 11 years, the highest Debt-to-Equity Ratio of Mahickra Chemicals was 3.91. The lowest was 0.16. And the median was 0.33.

NSE:MAHICKRA's Debt-to-Equity is ranked worse than
56.9% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:MAHICKRA: 0.44

Mahickra Chemicals Debt-to-Equity Historical Data

The historical data trend for Mahickra Chemicals'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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Mahickra Chemicals Debt-to-Equity Chart

Mahickra Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.32

0.23

0.39

0.34

0.31

Mahickra Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial												0.33	0.34	0.28	0.31	0.44

Competitive Comparison of Mahickra Chemicals's Debt-to-Equity

For the Specialty Chemicals subindustry, Mahickra Chemicals'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.

Mahickra Chemicals's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Mahickra Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mahickra Chemicals'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
	=	(91.176	+	9.669)	/	324.964
	=	0.31

Mahickra Chemicals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(139.763	+	5.065)	/	329.828
	=	0.44

Mahickra Chemicals (NSE:MAHICKRA) 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.

Mahickra Chemicals Debt-to-Equity Related Terms

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

Mahickra Chemicals (NSE:MAHICKRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mahickra Chemicals Ltd (NSE:MAHICKRA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445

Website

https://www.mahickra.com

Mahickra Chemicals Ltd is an India based company engaged in the business of manufacturing of dyes and chemicals. It also exports dyes and chemical products. The product portfolio of the company includes Reactive dyes, Acid dyes, Direct dyes, Pigment powder and emulsion, Specialty chemicals and Synthetic food colors.

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