Super Fine Knitters (BOM:540269) Debt-to-Equity : 0.56 (As of Sep. 2023)

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What is Super Fine Knitters Debt-to-Equity?

Super Fine Knitters's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹55.0 Mil. Super Fine Knitters's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹73.8 Mil. Super Fine Knitters's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹229.8 Mil. Super Fine Knitters's debt to equity for the quarter that ended in Sep. 2023 was 0.56.

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 Super Fine Knitters's Debt-to-Equity or its related term are showing as below:

BOM:540269' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 1.16 Max: 1.7
Current: 0.56

During the past 12 years, the highest Debt-to-Equity Ratio of Super Fine Knitters was 1.70. The lowest was 0.53. And the median was 1.16.

BOM:540269's Debt-to-Equity is ranked worse than
57.3% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:540269: 0.56

Super Fine Knitters Debt-to-Equity Historical Data

The historical data trend for Super Fine Knitters'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.

Super Fine Knitters Debt-to-Equity Chart

Super Fine Knitters Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.22

1.26

1.63

0.56

0.53

Super Fine Knitters Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.70	0.56	0.55	0.53	0.56

Competitive Comparison of Super Fine Knitters's Debt-to-Equity

For the Textile Manufacturing subindustry, Super Fine Knitters'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.

Super Fine Knitters's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Super Fine Knitters's Debt-to-Equity falls into.

Super Fine Knitters Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Super Fine Knitters'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
	=	(54.796	+	66.121)	/	227.881
	=	0.53

Super Fine Knitters's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(54.959	+	73.82)	/	229.787
	=	0.56

Super Fine Knitters (BOM:540269) 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.

Super Fine Knitters Debt-to-Equity Related Terms

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

Super Fine Knitters (BOM:540269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Super Fine Knitters Ltd (BOM:540269) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

C-5, Phase V, Focal Point, Ludhiana, PB, IND, 141010

Website

https://www.superfineknitters.com

Super Fine Knitters Ltd is engaged in the business of manufacturing knitted cloth and garments. The company also supplies knitted fabrics and apparel to national and international brands. Geographically, all the operations are conducted in India.

Super Fine Knitters (BOM:540269) Headlines

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