Titaanium Ten Enterprise (BOM:539985) Debt-to-Equity : 2.42 (As of Mar. 2024)

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What is Titaanium Ten Enterprise Debt-to-Equity?

Titaanium Ten Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹353 Mil. Titaanium Ten Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹66 Mil. Titaanium Ten Enterprise's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹173 Mil. Titaanium Ten Enterprise's debt to equity for the quarter that ended in Mar. 2024 was 2.42.

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 Titaanium Ten Enterprise's Debt-to-Equity or its related term are showing as below:

BOM:539985' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.42 Med: 3.1 Max: 6.42
Current: 2.42

During the past 13 years, the highest Debt-to-Equity Ratio of Titaanium Ten Enterprise was 6.42. The lowest was 2.42. And the median was 3.10.

BOM:539985's Debt-to-Equity is ranked worse than
93.25% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs BOM:539985: 2.42

Titaanium Ten Enterprise Debt-to-Equity Historical Data

The historical data trend for Titaanium Ten Enterprise'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.

Titaanium Ten Enterprise Debt-to-Equity Chart

Titaanium Ten Enterprise Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.87

3.22

2.86

2.91

2.42

Titaanium Ten Enterprise Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.86	3.29	2.91	2.37	2.42

Competitive Comparison of Titaanium Ten Enterprise's Debt-to-Equity

For the Textile Manufacturing subindustry, Titaanium Ten Enterprise'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.

Titaanium Ten Enterprise's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Titaanium Ten Enterprise's Debt-to-Equity falls into.

Titaanium Ten Enterprise Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titaanium Ten Enterprise's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(352.562	+	65.965)	/	173.172
	=	2.42

Titaanium Ten Enterprise's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(352.562	+	65.965)	/	173.172
	=	2.42

Titaanium Ten Enterprise (BOM:539985) 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.

Titaanium Ten Enterprise Debt-to-Equity Related Terms

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

Titaanium Ten Enterprise (BOM:539985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Titaanium Ten Enterprise Ltd (BOM:539985) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002

Website

http://www.titaaniumten.co.in

Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates majority revenue from the Textile segment.

Titaanium Ten Enterprise (BOM:539985) Headlines

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