Mahalaxmi Rubtech (BOM:514450) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Mahalaxmi Rubtech Debt-to-Equity?

Mahalaxmi Rubtech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Mahalaxmi Rubtech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Mahalaxmi Rubtech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 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 Mahalaxmi Rubtech's Debt-to-Equity or its related term are showing as below:

BOM:514450' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.58 Max: 1.12
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Mahalaxmi Rubtech was 1.12. The lowest was 0.38. And the median was 0.58.

BOM:514450's Debt-to-Equity is ranked worse than
57.45% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:514450: 0.57

Mahalaxmi Rubtech Debt-to-Equity Historical Data

The historical data trend for Mahalaxmi Rubtech'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.

Mahalaxmi Rubtech Debt-to-Equity Chart

Mahalaxmi Rubtech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.42

0.38

0.41

0.70

0.64

Mahalaxmi Rubtech 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	0.64	N/A	0.57	N/A

Competitive Comparison of Mahalaxmi Rubtech's Debt-to-Equity

For the Textile Manufacturing subindustry, Mahalaxmi Rubtech'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.

Mahalaxmi Rubtech's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Mahalaxmi Rubtech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mahalaxmi Rubtech'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
	=	(476.628	+	81.917)	/	873.158
	=	0.64

Mahalaxmi Rubtech'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

Mahalaxmi Rubtech (BOM:514450) 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.

Mahalaxmi Rubtech Debt-to-Equity Related Terms

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

Mahalaxmi Rubtech (BOM:514450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Rubtech Ltd (BOM:514450) » Definitions » Debt-to-Equity

Traded in Other Exchanges

MHLXMIRU:India

Address

Polytechnic Road, Mahalaxmi House, YSL Avenue, Opposite Ketav Petrol Pump, Ambavadi, Ahmedabad, GJ, IND, 380015

Website

https://www.mrtglobal.com

Mahalaxmi Rubtech Ltd is an Indian textile manufacturing company. The company has structured its operations into the following business segments - Rubber and Technical textiles Products, and Textile Products. The company's product portfolio comprises; printing blankets, textile printing blankets, rubber-coated fabrics, hydraulic seals, air cells, and technical textiles. The majority of the revenue accrues from the Textile products segment.

Mahalaxmi Rubtech (BOM:514450) Headlines

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