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Ashapuri Gold Ornament (BOM:542579) Debt-to-Equity : 0.02 (As of Mar. 2024)


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What is Ashapuri Gold Ornament Debt-to-Equity?

Ashapuri Gold Ornament's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹18 Mil. Ashapuri Gold Ornament's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1 Mil. Ashapuri Gold Ornament's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹900 Mil. Ashapuri Gold Ornament's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Ashapuri Gold Ornament's Debt-to-Equity or its related term are showing as below:

BOM:542579' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 1.25
Current: 0.02

During the past 9 years, the highest Debt-to-Equity Ratio of Ashapuri Gold Ornament was 1.25. The lowest was 0.00. And the median was 0.05.

BOM:542579's Debt-to-Equity is ranked better than
96.8% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs BOM:542579: 0.02

Ashapuri Gold Ornament Debt-to-Equity Historical Data

The historical data trend for Ashapuri Gold Ornament'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.

Ashapuri Gold Ornament Debt-to-Equity Chart

Ashapuri Gold Ornament Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.01 - 0.05 0.08 0.02

Ashapuri Gold Ornament Quarterly Data
Mar18 Nov18 Mar19 Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 N/A 0.12 N/A 0.02

Competitive Comparison of Ashapuri Gold Ornament's Debt-to-Equity

For the Luxury Goods subindustry, Ashapuri Gold Ornament'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.


Ashapuri Gold Ornament's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ashapuri Gold Ornament's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ashapuri Gold Ornament's Debt-to-Equity falls into.



Ashapuri Gold Ornament Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashapuri Gold Ornament's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Ashapuri Gold Ornament's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Ashapuri Gold Ornament  (BOM:542579) 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.


Ashapuri Gold Ornament Debt-to-Equity Related Terms

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Ashapuri Gold Ornament (BOM:542579) Business Description

Traded in Other Exchanges
N/A
Address
C.G. Road, 109 to 112A, 1st Floor Supermall, Near Lal Bunglow, Ahmedabad, GJ, IND, 380009
Ashapuri Gold Ornament Ltd Is a manufacturer and wholesaler of gold jewellery. It offers a wide range of jewellery products in 22-carat gold ornaments such as Choker Set, Toda Set, Long Set, Pota Jewellery, Saloya, and Bracelet. In addition, it also offers Temple Collection, Moti Set, BikaneriMeena and RaniHaar.

Ashapuri Gold Ornament (BOM:542579) Headlines

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