Siddhika Coatings (NSE:SIDDHIKA) Debt-to-Equity : 0.01 (As of Mar. 2022)

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What is Siddhika Coatings Debt-to-Equity?

Siddhika Coatings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹0.0 Mil. Siddhika Coatings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹2.8 Mil. Siddhika Coatings's Total Stockholders Equity for the quarter that ended in Mar. 2022 was ₹239.9 Mil. Siddhika Coatings's debt to equity for the quarter that ended in Mar. 2022 was 0.01.

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 Siddhika Coatings's Debt-to-Equity or its related term are showing as below:

NSE:SIDDHIKA's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Siddhika Coatings Debt-to-Equity Historical Data

The historical data trend for Siddhika Coatings'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.

Siddhika Coatings Debt-to-Equity Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.01

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial			0.02	0.02	0.01	0.01	-

Competitive Comparison of Siddhika Coatings's Debt-to-Equity

For the Specialty Chemicals subindustry, Siddhika Coatings'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.

Siddhika Coatings's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Siddhika Coatings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siddhika Coatings'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
	=	(0	+	0)	/	270.211
	=	0.00

Siddhika Coatings's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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	+	2.825)	/	239.922
	=	0.01

Siddhika Coatings (NSE:SIDDHIKA) 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.

Siddhika Coatings Debt-to-Equity Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

Siddhika Coatings (NSE:SIDDHIKA) Headlines

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