Northern Spirits (BOM:542628) Debt-to-Equity : 1.70 (As of Sep. 2023)

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What is Northern Spirits Debt-to-Equity?

Northern Spirits's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹1,467 Mil. Northern Spirits's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹67 Mil. Northern Spirits's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹903 Mil. Northern Spirits's debt to equity for the quarter that ended in Sep. 2023 was 1.70.

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 Northern Spirits's Debt-to-Equity or its related term are showing as below:

BOM:542628' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.05 Med: 1.01 Max: 61.33
Current: 1.7

During the past 10 years, the highest Debt-to-Equity Ratio of Northern Spirits was 61.33. The lowest was -16.05. And the median was 1.01.

BOM:542628's Debt-to-Equity is ranked worse than
92.9% of 183 companies
in the Beverages - Alcoholic industry
Industry Median: 0.39 vs BOM:542628: 1.70

Northern Spirits Debt-to-Equity Historical Data

The historical data trend for Northern Spirits'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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Northern Spirits Debt-to-Equity Chart

Northern Spirits Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.08

0.68

0.86

0.94

1.14

Northern Spirits Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.93	0.94	1.15	1.14	1.70

Competitive Comparison of Northern Spirits's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Northern Spirits'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.

Northern Spirits's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Northern Spirits's Debt-to-Equity distribution charts can be found below:

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

Northern Spirits Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northern Spirits'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
	=	(872.952	+	77.825)	/	834.361
	=	1.14

Northern Spirits'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
	=	(1466.707	+	66.95)	/	902.722
	=	1.70

Northern Spirits (BOM:542628) 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.

Northern Spirits Debt-to-Equity Related Terms

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

Northern Spirits (BOM:542628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Northern Spirits Ltd (BOM:542628) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

5-A, Woodburn Park Road, Unit 603, 6th Floor, Woodburn Central, Kolkata, WB, IND, 700020

Website

https://northernspirits.co.in

Northern Spirits Ltd is involved in the import and distribution of wine and spirit business. It offers Whisky, Vodka, GIN, Red and white wine, Beer, tequila, Shepherd Neame Beer, Amigos Beer, Carlo Rossi California Wines, Tomich Australian Wines, Cooper's Australian Beer, West Cork Irish Whiskey, Two Tree Gin, Reddot Wheat Beer, Aqua Riva Mexican Tequila and Organika Russian Vodka.

Northern Spirits (BOM:542628) Headlines

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