Flair Writing Industries (NSE:FLAIR) Debt-to-Equity : 0.28 (As of Mar. 2023)

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What is Flair Writing Industries Debt-to-Equity?

Flair Writing Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹749 Mil. Flair Writing Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹486 Mil. Flair Writing Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹4,350 Mil. Flair Writing Industries's debt to equity for the quarter that ended in Mar. 2023 was 0.28.

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 Flair Writing Industries's Debt-to-Equity or its related term are showing as below:

NSE:FLAIR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.53 Max: 6.03
Current: 0.28

During the past 5 years, the highest Debt-to-Equity Ratio of Flair Writing Industries was 6.03. The lowest was 0.28. And the median was 0.53.

NSE:FLAIR's Debt-to-Equity is ranked better than
51.51% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:FLAIR: 0.28

Flair Writing Industries Debt-to-Equity Historical Data

The historical data trend for Flair Writing 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.

Flair Writing Industries Debt-to-Equity Chart

Flair Writing Industries Annual Data

Trend

Mar17

Mar18

Mar21

Mar22

Mar23

Debt-to-Equity

6.03

1.14

0.53

0.41

0.28

Flair Writing Industries Semi-Annual Data
	Mar17	Mar18	Mar21	Mar22	Mar23
Debt-to-Equity	6.03	1.14	0.53	0.41	0.28

Competitive Comparison of Flair Writing Industries's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Flair Writing 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.

Flair Writing Industries's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Flair Writing Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Flair Writing Industries's Debt-to-Equity falls into.

Flair Writing Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flair Writing 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
	=	(748.52	+	485.73)	/	4349.51
	=	0.28

Flair Writing Industries's Debt to Equity Ratio for the quarter 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
	=	(748.52	+	485.73)	/	4349.51
	=	0.28

Flair Writing Industries (NSE:FLAIR) 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.

Flair Writing Industries Debt-to-Equity Related Terms

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

Flair Writing Industries (NSE:FLAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (NSE:FLAIR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

544030:India

Address

63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067

Website

https://www.flairworld.in

Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

Flair Writing Industries (NSE:FLAIR) Headlines

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