New Light Apparels (BOM:540243) Debt-to-Equity : 3.04 (As of Dec. 2023)

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What is New Light Apparels Debt-to-Equity?

New Light Apparels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹50.13 Mil. New Light Apparels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹1.71 Mil. New Light Apparels's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹17.06 Mil. New Light Apparels's debt to equity for the quarter that ended in Dec. 2023 was 3.04.

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 New Light Apparels's Debt-to-Equity or its related term are showing as below:

BOM:540243' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.76 Max: 3.06
Current: 3.04

During the past 11 years, the highest Debt-to-Equity Ratio of New Light Apparels was 3.06. The lowest was 0.03. And the median was 0.76.

BOM:540243's Debt-to-Equity is ranked worse than
94.77% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:540243: 3.04

New Light Apparels Debt-to-Equity Historical Data

The historical data trend for New Light Apparels'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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New Light Apparels Debt-to-Equity Chart

New Light Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.76

0.77

1.03

1.48

2.10

New Light Apparels 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	2.10	2.91	3.06	3.04

Competitive Comparison of New Light Apparels's Debt-to-Equity

For the Apparel Manufacturing subindustry, New Light Apparels'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.

New Light Apparels's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where New Light Apparels's Debt-to-Equity falls into.

New Light Apparels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Light Apparels'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
	=	(42.962	+	2.178)	/	21.497
	=	2.10

New Light Apparels'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
	=	(50.133	+	1.707)	/	17.064
	=	3.04

New Light Apparels (BOM:540243) 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.

New Light Apparels Debt-to-Equity Related Terms

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

New Light Apparels (BOM:540243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » New Light Apparels Ltd (BOM:540243) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shivaji Enclave, Raja Garden, GC 29, Basement, New Delhi, Delhi, IND, 110027

Website

https://www.newlightapparels.com

New Light Apparels Ltd deals in school uniforms, Center and State government education programs and their sponsorship programs, The Company also deals in Corporate and private dress materials and other textile materials. The majority of revenue is generated from the sale of trading goods.

New Light Apparels (BOM:540243) Headlines

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