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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
57.33% of 1399 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.

* Premium members only.

Mahickra Chemicals Debt-to-Equity Chart

Mahickra Chemicals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Mahickra Chemicals's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


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

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Mahickra Chemicals (NSE:MAHICKRA) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445
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.

Mahickra Chemicals (NSE:MAHICKRA) Headlines

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