Adinath Textiles (BOM:514113) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Adinath Textiles Debt-to-Equity?

Adinath Textiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Adinath Textiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Adinath Textiles's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

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 Adinath Textiles's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Adinath Textiles was 2.11. The lowest was 0.00. And the median was 0.50.

BOM:514113's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Adinath Textiles Debt-to-Equity Historical Data

The historical data trend for Adinath Textiles'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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Adinath Textiles Debt-to-Equity Chart

Adinath Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.47

0.50

0.29

0.26

Adinath Textiles 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															N/A	-	N/A	-	N/A

Competitive Comparison of Adinath Textiles's Debt-to-Equity

For the Textile Manufacturing subindustry, Adinath Textiles'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.

Adinath Textiles's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Adinath Textiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adinath Textiles'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)	/	24.156
	=	0.00

Adinath Textiles'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
	=	(0	+	0)	/	0
	=	N/A

Adinath Textiles (BOM:514113) 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.

Adinath Textiles Debt-to-Equity Related Terms

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Adinath Textiles (BOM:514113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Adinath Textiles Ltd (BOM:514113) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Chandigarh Road, P.O. Sahabana, Village Bholapur, Ludhiana, PB, IND, 141123

Website

https://www.adinathtextiles.com

Adinath Textiles Ltd is an India-based company engaged in the spinning of worsted and spun yarns. It has manufacturing set up base in Ludhiana in the state of Punjab. It has devoted the principal part of its production capacity to Job works. In addition, the company has taken up the trading activities to avail of the available opportunities. The company has only one segment including the manufacturing of Acrylic and worsted yarn.

Adinath Textiles (BOM:514113) Headlines

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