Goblin India (BOM:542850) Debt-to-Equity : 0.63 (As of Sep. 2023)

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What is Goblin India Debt-to-Equity?

Goblin India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹58.9 Mil. Goblin India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹187.3 Mil. Goblin India's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹394.2 Mil. Goblin India's debt to equity for the quarter that ended in Sep. 2023 was 0.62.

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 Goblin India's Debt-to-Equity or its related term are showing as below:

BOM:542850' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 0.92 Max: 8.34
Current: 0.63

During the past 7 years, the highest Debt-to-Equity Ratio of Goblin India was 8.34. The lowest was 0.63. And the median was 0.92.

BOM:542850's Debt-to-Equity is ranked worse than
61.05% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:542850: 0.63

Goblin India Debt-to-Equity Historical Data

The historical data trend for Goblin India'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.

Goblin India Debt-to-Equity Chart

Goblin India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.90

0.72

0.92

1.13

0.86

Goblin India Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							0.96	1.13	0.88	0.86	0.63

Competitive Comparison of Goblin India's Debt-to-Equity

For the Footwear & Accessories subindustry, Goblin India'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.

Goblin India's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Goblin India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goblin India'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
	=	(69.979	+	199.971)	/	313.204
	=	0.86

Goblin India's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(58.867	+	187.348)	/	394.214
	=	0.62

Goblin India (BOM:542850) 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.

Goblin India Debt-to-Equity Related Terms

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Goblin India (BOM:542850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Goblin India Ltd (BOM:542850) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stadium Commercial Road, Camex House, 1st Floor, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

http://www.goblinindia.com

Goblin India Ltd is engaged in manufacturing of traveling gear solutions. The company offers a variety of Travelling Gears including Hard Luggage, Soft Luggage and other accessories like wallets, purses, travel neck pillow. Geographically, operating in India. The company is operating only one business segment of trading in luggage bags, travel accessories and corporate gifts.

Goblin India (BOM:542850) Headlines

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