Rex Pipes and Cables Industries (NSE:REXPIPES) Debt-to-Equity : 1.25 (As of Sep. 2023)

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What is Rex Pipes and Cables Industries Debt-to-Equity?

Rex Pipes and Cables Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹321 Mil. Rex Pipes and Cables Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹42 Mil. Rex Pipes and Cables Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹291 Mil. Rex Pipes and Cables Industries's debt to equity for the quarter that ended in Sep. 2023 was 1.25.

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 Rex Pipes and Cables Industries's Debt-to-Equity or its related term are showing as below:

NSE:REXPIPES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.36 Max: 1.79
Current: 1.25

During the past 6 years, the highest Debt-to-Equity Ratio of Rex Pipes and Cables Industries was 1.79. The lowest was 0.87. And the median was 1.36.

NSE:REXPIPES's Debt-to-Equity is ranked worse than
88.97% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:REXPIPES: 1.25

Rex Pipes and Cables Industries Debt-to-Equity Historical Data

The historical data trend for Rex Pipes and Cables 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.

Rex Pipes and Cables Industries Debt-to-Equity Chart

Rex Pipes and Cables Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.79

1.48

1.75

1.36

1.08

Rex Pipes and Cables Industries Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				0.87	1.36	1.29	1.08	1.25

Competitive Comparison of Rex Pipes and Cables Industries's Debt-to-Equity

For the Specialty Chemicals subindustry, Rex Pipes and Cables 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.

Rex Pipes and Cables Industries's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Rex Pipes and Cables Industries's Debt-to-Equity falls into.

Rex Pipes and Cables Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rex Pipes and Cables 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
	=	(216.53	+	31.597)	/	229.563
	=	1.08

Rex Pipes and Cables Industries'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
	=	(321.315	+	42.02)	/	290.835
	=	1.25

Rex Pipes and Cables Industries (NSE:REXPIPES) 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.

Rex Pipes and Cables Industries Debt-to-Equity Related Terms

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Rex Pipes and Cables Industries (NSE:REXPIPES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001

Website

https://www.rpcil.com

Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. It offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

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