Spice Islands Industries (BOM:526827) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Spice Islands Industries Debt-to-Equity?

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

BOM:526827' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.68 Med: 0.17 Max: 2.6
Current: -1.27

During the past 13 years, the highest Debt-to-Equity Ratio of Spice Islands Industries was 2.60. The lowest was -3.68. And the median was 0.17.

BOM:526827's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs BOM:526827: -1.27

Spice Islands Industries Debt-to-Equity Historical Data

The historical data trend for Spice Islands Industries'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.

Spice Islands Industries Debt-to-Equity Chart

Spice Islands Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.59

0.71

2.60

-1.67

-1.00

Spice Islands Industries 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	-1.00	N/A	-1.27	N/A

Competitive Comparison of Spice Islands Industries's Debt-to-Equity

For the Apparel Manufacturing subindustry, Spice Islands Industries'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.

Spice Islands Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Spice Islands Industries's Debt-to-Equity falls into.

Spice Islands Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spice Islands Industries'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	+	6.25)	/	-6.249
	=	-1.00

Spice Islands Industries'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

Spice Islands Industries (BOM:526827) 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.

Spice Islands Industries Debt-to-Equity Related Terms

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

Spice Islands Industries (BOM:526827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spice Islands Industries Ltd (BOM:526827) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 Nariman Point, 125-A, Mittal Tower, Mumbai, MH, IND, 400021

Website

http://www.spiceislandsapparelslimited.in

Spice Islands Apparels Ltd is principally a manufacturer of textiles consisting of yarn, fabrics, and garments such as Shirts, Blouses, Skirts, T-shirts, Polo shirts and Sweatshirts. The company offers a basket of products, in both woven and knitted fabrics, through diverse locations. The product range comprises such as shirts, blouses, skirts, T-shirts, polo shirts, and sweatshirts. The company operates in India as well as it exports its products to the United Kingdom and the United Arab Emirates.

Spice Islands Industries (BOM:526827) Headlines

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