Sree Jayalakshmi Autospin (BOM:530037) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Sree Jayalakshmi Autospin Debt-to-Equity?

Sree Jayalakshmi Autospin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Sree Jayalakshmi Autospin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Sree Jayalakshmi Autospin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹14.05 Mil. Sree Jayalakshmi Autospin's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Sree Jayalakshmi Autospin's Debt-to-Equity or its related term are showing as below:

BOM:530037' s Debt-to-Equity Range Over the Past 10 Years
Min: -157.15 Med: -2.75 Max: 45.69
Current: 1.88

During the past 13 years, the highest Debt-to-Equity Ratio of Sree Jayalakshmi Autospin was 45.69. The lowest was -157.15. And the median was -2.75.

BOM:530037's Debt-to-Equity is ranked worse than
89.61% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:530037: 1.88

Sree Jayalakshmi Autospin Debt-to-Equity Historical Data

The historical data trend for Sree Jayalakshmi Autospin'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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Sree Jayalakshmi Autospin Debt-to-Equity Chart

Sree Jayalakshmi Autospin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-4.21

-2.80

-2.03

-1.47

-1.43

Sree Jayalakshmi Autospin Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-1.43	-	-

Competitive Comparison of Sree Jayalakshmi Autospin's Debt-to-Equity

For the Textile Manufacturing subindustry, Sree Jayalakshmi Autospin'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.

Sree Jayalakshmi Autospin's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sree Jayalakshmi Autospin's Debt-to-Equity falls into.

Sree Jayalakshmi Autospin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sree Jayalakshmi Autospin'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
	=	(1.15	+	25.216)	/	-18.411
	=	-1.43

Sree Jayalakshmi Autospin'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)	/	14.053
	=	0.00

Sree Jayalakshmi Autospin (BOM:530037) 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.

Sree Jayalakshmi Autospin Debt-to-Equity Related Terms

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Sree Jayalakshmi Autospin (BOM:530037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sree Jayalakshmi Autospin Ltd (BOM:530037) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Sanjana Davangere Road, Chitradurga, KA, IND, 577501

Website

https://www.sjlal.com

Sree Jayalakshmi Autospin Ltd is an India-based company engaged in the business of Cotton Trading, and Cotton Seeds. The main activities of the company are Ginning and Cotton Trading. Company has three segments Cotton Yarns, Cotton Lint, Others. The cotton is purchased from farmers from APMC yards and sold to spinning mills in South India and cotton seeds are sold to oil units in Karnataka and other states.

Sree Jayalakshmi Autospin (BOM:530037) Headlines

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