GTN Textiles (BOM:532744) Debt-to-Equity : -9.39 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is GTN Textiles Debt-to-Equity?

GTN Textiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹432.50 Mil. GTN Textiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹18.20 Mil. GTN Textiles's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-48.00 Mil. GTN Textiles's debt to equity for the quarter that ended in Mar. 2024 was -9.39.

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 GTN Textiles's Debt-to-Equity or its related term are showing as below:

BOM:532744' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.39 Med: 0.82 Max: 3.35
Current: -9.39

During the past 13 years, the highest Debt-to-Equity Ratio of GTN Textiles was 3.35. The lowest was -9.39. And the median was 0.82.

BOM:532744's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs BOM:532744: -9.39

GTN Textiles Debt-to-Equity Historical Data

The historical data trend for GTN Textiles'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.

GTN Textiles Debt-to-Equity Chart

GTN Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.87

1.72

2.62

3.35

-9.39

GTN Textiles 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															3.35	N/A	-138.04	N/A	-9.39

Competitive Comparison of GTN Textiles's Debt-to-Equity

For the Textile Manufacturing subindustry, GTN Textiles'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.

GTN Textiles's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

GTN Textiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GTN Textiles'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
	=	(432.5	+	18.2)	/	-48
	=	-9.39

GTN Textiles'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
	=	(432.5	+	18.2)	/	-48
	=	-9.39

GTN Textiles (BOM:532744) 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.

GTN Textiles Debt-to-Equity Related Terms

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

GTN Textiles (BOM:532744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GTN Textiles Ltd (BOM:532744) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

3rd Floor, Palal Towers, M.G.Road, Ravipuram, Kochi, KL, IND, 682016

Website

https://www.gtntextiles.com

GTN Textiles Ltd is engaged in manufacturing and exporting combed cotton yarns. The company's yarns are manufactured staple cottons like American Supima, Egyptian Giza, contamination-free Australian and American cottons and superior Indian cotton like Shankar-6 and DCH-32. Operating segments of the Companies are Textiles, Commission agency and Realty segments.

GTN Textiles (BOM:532744) Headlines

No Headlines