Gangotri Textiles (BOM:521176) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Gangotri Textiles Debt-to-Equity?

Gangotri Textiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Gangotri Textiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Gangotri 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 Gangotri Textiles's Debt-to-Equity or its related term are showing as below:

BOM:521176' s Debt-to-Equity Range Over the Past 10 Years
Min: -103940.27 Med: -1.02 Max: -1.02
Current: -1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Gangotri Textiles was -1.02. The lowest was -103940.27. And the median was -1.02.

BOM:521176's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs BOM:521176: -1.02

Gangotri Textiles Debt-to-Equity Historical Data

The historical data trend for Gangotri 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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Gangotri Textiles Debt-to-Equity Chart

Gangotri Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-1.02

-103,940.27

Gangotri 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	-103,940.27	N/A	-1.02	N/A

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

For the Textile Manufacturing subindustry, Gangotri 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.

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

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

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

Gangotri Textiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gangotri 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
	=	(2404.685	+	245945013.7)	/	-2366.238
	=	-103,940.27

Gangotri 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

Gangotri Textiles (BOM:521176) 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.

Gangotri Textiles Debt-to-Equity Related Terms

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Gangotri Textiles (BOM:521176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gangotri Textiles Ltd (BOM:521176) » Definitions » Debt-to-Equity

Traded in Other Exchanges

GANGOTRI:India

Address

25-A, Venkatachalam Co-oprative Colony, R.S. Puram, Coimbatore, TN, IND, 641002

Website

https://www.gangotritextiles.co.in

Gangotri Textiles Ltd is an India based company engaged in the business of manufacturing cotton yarn and ready-made garments. The company's product range covers from yarns to finished textile products. It offers cotton yarn, garments, knitting and weaving applications, and fabrics for industrial fabrics.

Gangotri Textiles (BOM:521176) Headlines

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