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Lakeland Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2.5 Mil. Lakeland Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $9.9 Mil. Lakeland Industries's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $123.5 Mil. Lakeland Industries's debt to equity for the quarter that ended in Jan. 2024 was 0.10.
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 Lakeland Industries's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Lakeland Industries was 0.20. The lowest was 0.02. And the median was 0.04.
The historical data trend for Lakeland 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.
Lakeland Industries Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.04 | 0.02 | 0.04 | 0.04 | 0.10 |
Lakeland Industries Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.04 | 0.04 | 0.07 | 0.09 | 0.10 |
For the Apparel Manufacturing subindustry, Lakeland 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.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lakeland Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lakeland Industries's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Lakeland Industries's Debt to Equity Ratio for the fiscal year that ended in Jan. 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 | |
= | (2.462 | + | 9.852) | / | 123.45 | |
= | 0.10 |
Lakeland Industries's Debt to Equity Ratio for the quarter that ended in Jan. 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 | |
= | (2.462 | + | 9.852) | / | 123.45 | |
= | 0.10 |
* 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.
Lakeland Industries (NAS:LAKE) 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.
Thank you for viewing the detailed overview of Lakeland Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua J Sletten | officer: VP Corp Development & Strategy | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Melissa Kidd | director | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Herring Ronald N Jr | director | |
Roger D Shannon | officer: Chief Financial Officer | 15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245 |
An Hui | officer: VP of Procurement & Asia Mfg. | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806 |
Christopher James Ryan | director | 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779 |
Allen E Dillard | officer: COO & CFO | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Charles D Roberson | director, officer: CEO, President and Secretary | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Steven L Harvey | officer: Exec. VP, Sales and Marketing | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Thomas J Mcateer | director | 54 CEDAR POINT DRIVE, WEST ISLIP NY 11795 |
Jeffrey T Schlarbaum | director | 105 NORTON STREET, NEWARK NY 14513 |
Nikki Hamblin | director | 2 RED OAK LANE, PITTSFORD NY 14534 |
Alfred John Kreft | director | 3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019 |
Daniel L. Edwards | officer: Sr. VP Sales for North America | 6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358 |
Stephen M Bachelder | director, officer: Chief Operating Officer | 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779 |
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