Bharat Textiles & Proofing Industries (BOM:531029) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Bharat Textiles & Proofing Industries Debt-to-Equity?

Bharat Textiles & Proofing Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Bharat Textiles & Proofing Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Bharat Textiles & Proofing Industries'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 Bharat Textiles & Proofing Industries's Debt-to-Equity or its related term are showing as below:

BOM:531029' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.02 Med: 8.51 Max: 18.74
Current: 6.65

During the past 13 years, the highest Debt-to-Equity Ratio of Bharat Textiles & Proofing Industries was 18.74. The lowest was 4.02. And the median was 8.51.

BOM:531029's Debt-to-Equity is ranked worse than
98.08% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:531029: 6.65

Bharat Textiles & Proofing Industries Debt-to-Equity Historical Data

The historical data trend for Bharat Textiles & Proofing 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.

Bharat Textiles & Proofing Industries Debt-to-Equity Chart

Bharat Textiles & Proofing Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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13.72

11.56

8.91

8.51

7.08

Bharat Textiles & Proofing 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	7.08	N/A	6.65	N/A

Competitive Comparison of Bharat Textiles & Proofing Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Bharat Textiles & Proofing 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.

Bharat Textiles & Proofing Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bharat Textiles & Proofing Industries's Debt-to-Equity falls into.

Bharat Textiles & Proofing Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bharat Textiles & Proofing 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
	=	(43.824	+	76.908)	/	17.045
	=	7.08

Bharat Textiles & Proofing 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

Bharat Textiles & Proofing Industries (BOM:531029) 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.

Bharat Textiles & Proofing Industries Debt-to-Equity Related Terms

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Bharat Textiles & Proofing Industries (BOM:531029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bharat Textiles & Proofing Industries Ltd (BOM:531029) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Old 43, New 64, Sattanna Naicken Street, Lane Adjacent to Natraj Theatre, Behind Angallamman Koil Backside, Choolai, Chennai, TN, IND, 600112

Website

https://www.bharatcanvas.com

Bharat Textiles & Proofing Industries Ltd is an India-based company. It is involved in the manufacturing and marketing of cotton canvas. It also manufactures tarpaulin. The company products include Truck Covers; Grey cotton canvas/duck; Polyester-Cotton, Chemically processed canvas; Waterproof, Rot proofed canvas; Fire Retardant Canvas; Army ducks and Number ducks; Relief Tents; Bags, Tents, Sleeping Bag Materials and others. It operates only in India.

Bharat Textiles & Proofing Industries (BOM:531029) Headlines

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