Kewal Kiran Clothing (BOM:532732) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Kewal Kiran Clothing Debt-to-Equity?

Kewal Kiran Clothing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹167 Mil. Kewal Kiran Clothing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹133 Mil. Kewal Kiran Clothing's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹6,506 Mil. Kewal Kiran Clothing's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Kewal Kiran Clothing's Debt-to-Equity or its related term are showing as below:

BOM:532732' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.22
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Kewal Kiran Clothing was 0.22. The lowest was 0.02. And the median was 0.12.

BOM:532732's Debt-to-Equity is ranked better than
88.57% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:532732: 0.05

Kewal Kiran Clothing Debt-to-Equity Historical Data

The historical data trend for Kewal Kiran Clothing'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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Kewal Kiran Clothing Debt-to-Equity Chart

Kewal Kiran Clothing Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.22

0.21

0.12

0.17

0.12

Kewal Kiran Clothing 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															0.13	0.12	0.09	0.11	0.05

Competitive Comparison of Kewal Kiran Clothing's Debt-to-Equity

For the Apparel Manufacturing subindustry, Kewal Kiran Clothing'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.

Kewal Kiran Clothing's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kewal Kiran Clothing's Debt-to-Equity falls into.

Kewal Kiran Clothing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kewal Kiran Clothing'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
	=	(531.177	+	128.652)	/	5470.061
	=	0.12

Kewal Kiran Clothing'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
	=	(166.5	+	132.5)	/	6506.4
	=	0.05

Kewal Kiran Clothing (BOM:532732) 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.

Kewal Kiran Clothing Debt-to-Equity Related Terms

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Kewal Kiran Clothing (BOM:532732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kewal Kiran Clothing Ltd (BOM:532732) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KKCL:India

Address

I.B. Patel Road, 460/7, Kewal Kiran Estate, Near Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.kewalkiran.com

Kewal Kiran Clothing Ltd is an Indian company. The company is engaged in manufacturing, marketing, and retailing of branded readymade garments and finished accessories. Its brand includes Killer, Easies, LawmanPg3, K-Lounge and Integriti. The company has a presence in Asia, the Middle East, and CIS.

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