Katare Spinning Mills (BOM:502933) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Katare Spinning Mills Debt-to-Equity?

Katare Spinning Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹37.00 Mil. Katare Spinning Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.32 Mil. Katare Spinning Mills's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹1,192.97 Mil. Katare Spinning Mills's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Katare Spinning Mills's Debt-to-Equity or its related term are showing as below:

BOM:502933' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 2.96 Max: 50.05
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Katare Spinning Mills was 50.05. The lowest was 0.00. And the median was 2.96.

BOM:502933's Debt-to-Equity is ranked better than
93.6% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:502933: 0.03

Katare Spinning Mills Debt-to-Equity Historical Data

The historical data trend for Katare Spinning Mills'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.

Katare Spinning Mills Debt-to-Equity Chart

Katare Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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6.49

10.77

30.19

0.01

0.03

Katare Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Katare Spinning Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Katare Spinning Mills'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.

Katare Spinning Mills's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Katare Spinning Mills's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Katare Spinning Mills's Debt-to-Equity falls into.

Katare Spinning Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Katare Spinning Mills'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
	=	(33.26	+	0.316)	/	1194.584
	=	0.03

Katare Spinning Mills's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(37.003	+	0.316)	/	1192.972
	=	0.03

Katare Spinning Mills (BOM:502933) 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.

Katare Spinning Mills Debt-to-Equity Related Terms

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

Katare Spinning Mills (BOM:502933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Katare Spinning Mills Ltd (BOM:502933) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Akkalkot road, 14/30 Ground Floor, B Wing, Katare Complex, Bl. No. 10, Ravivar Peth, Gandhinagar, Solapur, MH, IND, 413006

Website

https://www.katarespinningmills.com

Katare Spinning Mills Ltd is an India-based company. It is engaged in the business of manufacturing of cotton yarn, solar power generation, and hospitality. Katare Spinning Mills operates through various segments that are Spinning Division, Hotel Division, and Solar Power. The Spinning Mill segment generates maximum revenue for the company.

Katare Spinning Mills (BOM:502933) Headlines

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