Minaxi Textiles (BOM:531456) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Minaxi Textiles Debt-to-Equity?

Minaxi Textiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Minaxi Textiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Minaxi Textiles's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

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

BOM:531456' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23 Med: 1.71 Max: 3.44
Current: 3.01

During the past 13 years, the highest Debt-to-Equity Ratio of Minaxi Textiles was 3.44. The lowest was 1.23. And the median was 1.71.

BOM:531456's Debt-to-Equity is ranked worse than
94.43% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:531456: 3.01

Minaxi Textiles Debt-to-Equity Historical Data

The historical data trend for Minaxi 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.

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Minaxi Textiles Debt-to-Equity Chart

Minaxi Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.23

1.37

1.72

1.75

3.44

Minaxi Textiles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	3.44	N/A	3.01	N/A

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

For the Textile Manufacturing subindustry, Minaxi 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.

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

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

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

Minaxi Textiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minaxi Textiles'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
	=	(86.104	+	117.57)	/	59.252
	=	3.44

Minaxi Textiles's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Minaxi Textiles (BOM:531456) 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.

Minaxi Textiles Debt-to-Equity Related Terms

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

Minaxi Textiles (BOM:531456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minaxi Textiles Ltd (BOM:531456) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot Number 3311, GIDC, Phase-IV, Chhatral, Taluka-Kalol, Gandhinagar, GJ, IND, 382729

Website

https://www.minaxitextiles.com

Minaxi Textiles Ltd is an integrated textile solutions enterprise. The company is engaged in weaving and manufacturing of cotton and cotton mixture fabrics. In addition, the company supplies uniforms to government and semi-government departments. The company deals in suiting products having a specialty in fancy suiting fabrics. Its products include suiting lycra fabric, cotton quilts, broken twill fabric, and satin fabric.

Minaxi Textiles (BOM:531456) Headlines

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