Sri Nachammai Cotton Mills (BOM:521234) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Sri Nachammai Cotton Mills Debt-to-Equity?

Sri Nachammai Cotton Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Sri Nachammai Cotton Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Sri Nachammai Cotton Mills's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 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 Sri Nachammai Cotton Mills's Debt-to-Equity or its related term are showing as below:

BOM:521234' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.47 Med: 2.57 Max: 3.82
Current: 1.65

During the past 13 years, the highest Debt-to-Equity Ratio of Sri Nachammai Cotton Mills was 3.82. The lowest was 1.47. And the median was 2.57.

BOM:521234's Debt-to-Equity is ranked worse than
87.07% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:521234: 1.65

Sri Nachammai Cotton Mills Debt-to-Equity Historical Data

The historical data trend for Sri Nachammai Cotton 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.

Sri Nachammai Cotton Mills Debt-to-Equity Chart

Sri Nachammai Cotton Mills Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.46

2.77

2.57

2.06

1.47

Sri Nachammai Cotton 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															N/A	1.47	N/A	1.65	N/A

Competitive Comparison of Sri Nachammai Cotton Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Sri Nachammai Cotton 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.

Sri Nachammai Cotton Mills's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sri Nachammai Cotton Mills's Debt-to-Equity falls into.

Sri Nachammai Cotton Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sri Nachammai Cotton 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
	=	(245.019	+	107.851)	/	240.638
	=	1.47

Sri Nachammai Cotton 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
	=	(0	+	0)	/	0
	=	N/A

Sri Nachammai Cotton Mills (BOM:521234) 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.

Sri Nachammai Cotton Mills Debt-to-Equity Related Terms

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

Sri Nachammai Cotton Mills (BOM:521234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sri Nachammai Cotton Mills Ltd (BOM:521234) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

4th Cross Street, Door No. 181, 'Vasantham', New Fairlands, Salem, TN, IND, 636016

Website

http://www.sncmindia.com

Sri Nachammai Cotton Mills Ltd is engaged in textile manufacturing. The company operates in one Textile business segment. It manufactures combed, carded, compact cotton hosiery, and hank yarn. The sale of yarn generates maximum revenue for the company.

Sri Nachammai Cotton Mills (BOM:521234) Headlines

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