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Classic Filaments (BOM:540310) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is Classic Filaments Debt-to-Equity?

Classic Filaments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1.45 Mil. Classic Filaments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Classic Filaments's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹57.90 Mil. Classic Filaments's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Classic Filaments's Debt-to-Equity or its related term are showing as below:

BOM:540310' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.06
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Classic Filaments was 0.06. The lowest was 0.01. And the median was 0.03.

BOM:540310's Debt-to-Equity is ranked better than
93.6% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:540310: 0.03

Classic Filaments Debt-to-Equity Historical Data

The historical data trend for Classic Filaments'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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Classic Filaments Debt-to-Equity Chart

Classic Filaments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.06 0.03 0.01 0.03

Classic Filaments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 N/A 0.02 N/A 0.03

Competitive Comparison of Classic Filaments's Debt-to-Equity

For the Textile Manufacturing subindustry, Classic Filaments'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.


Classic Filaments's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Classic Filaments's Debt-to-Equity falls into.



Classic Filaments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Classic Filaments's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Classic Filaments's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Classic Filaments  (BOM:540310) 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.


Classic Filaments Debt-to-Equity Related Terms

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


Classic Filaments (BOM:540310) Business Description

Traded in Other Exchanges
N/A
Address
Priyanka House, Umiyadham Road, Plot No. 1, Varachha, Surat, GJ, IND, 395006
Classic Filaments Ltd is an India-based company that is engaged in the wholesale business of textiles.

Classic Filaments (BOM:540310) Headlines

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