Sumeet Industries (BOM:514211) Debt-to-Equity : -2.77 (As of Mar. 2024)

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What is Sumeet Industries Debt-to-Equity?

Sumeet Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,489 Mil. Sumeet Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹412 Mil. Sumeet Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-1,767 Mil. Sumeet Industries's debt to equity for the quarter that ended in Mar. 2024 was -2.77.

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

BOM:514211' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.57 Med: 1.29 Max: 7.55
Current: -3.07

During the past 13 years, the highest Debt-to-Equity Ratio of Sumeet Industries was 7.55. The lowest was -10.57. And the median was 1.29.

BOM:514211's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43 vs BOM:514211: -3.07

Sumeet Industries Debt-to-Equity Historical Data

The historical data trend for Sumeet 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.

Sumeet Industries Debt-to-Equity Chart

Sumeet Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-10.57

-10.17

-9.74

-4.20

-2.77

Sumeet Industries 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															-4.20	N/A	-3.07	N/A	-2.77

Competitive Comparison of Sumeet Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Sumeet 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.

Sumeet Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Sumeet Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumeet Industries'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
	=	(4488.503	+	412.445)	/	-1766.911
	=	-2.77

Sumeet Industries'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
	=	(4488.503	+	412.445)	/	-1766.911
	=	-2.77

Sumeet Industries (BOM:514211) 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.

Sumeet Industries Debt-to-Equity Related Terms

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Sumeet Industries (BOM:514211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sumeet Industries Ltd (BOM:514211) » Definitions » Debt-to-Equity

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SUMEETINDS:India

Address

Ring Road, 504, 5th Floor, Trividh Chambers, Opposite Fire Brigade Station, Surat, GJ, IND, 395002

Website

https://www.sumeetindustries.com

Sumeet Industries Ltd is engaged in the yarn manufacturing business segment in India. It manufactures and exports Polyester Yarn (POY and FDY), Polyester Chips, Texturizing Yarn and Carpet Yarn. The company caters to both domestic and international markets, of which the majority of revenue is generated within India.

Sumeet Industries (BOM:514211) Headlines

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