Paramount Textile (DHA:PTL) Debt-to-Equity : 3.10 (As of Jun. 2023)

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What is Paramount Textile Debt-to-Equity?

Paramount Textile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was BDT7,086 Mil. Paramount Textile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was BDT11,151 Mil. Paramount Textile's Total Stockholders Equity for the quarter that ended in Jun. 2023 was BDT5,878 Mil. Paramount Textile's debt to equity for the quarter that ended in Jun. 2023 was 3.10.

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 Paramount Textile's Debt-to-Equity or its related term are showing as below:

DHA:PTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.44 Max: 3.1
Current: 3.1

During the past 10 years, the highest Debt-to-Equity Ratio of Paramount Textile was 3.10. The lowest was 0.52. And the median was 1.44.

DHA:PTL's Debt-to-Equity is ranked worse than
94.98% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs DHA:PTL: 3.10

Paramount Textile Debt-to-Equity Historical Data

The historical data trend for Paramount Textile'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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Paramount Textile Debt-to-Equity Chart

Paramount Textile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.62

1.34

1.53

2.49

3.10

Paramount Textile Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															2.49	3.22	3.10	3.10	3.10

Competitive Comparison of Paramount Textile's Debt-to-Equity

For the Textile Manufacturing subindustry, Paramount Textile'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.

Paramount Textile's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Paramount Textile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paramount Textile's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(7085.794	+	11151.293)	/	5877.753
	=	3.10

Paramount Textile's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(7085.794	+	11151.293)	/	5877.753
	=	3.10

Paramount Textile (DHA:PTL) 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.

Paramount Textile Debt-to-Equity Related Terms

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

Paramount Textile (DHA:PTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Textile PLC (DHA:PTL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Road No. 113/A, House No.22, (Level 2, 5-7), Gulshan 2, Dhaka, BGD, 1212

Website

https://www.paramounttextilebd.com

Paramount Textile PLC Formerly Paramount Textile Ltd is engaged in manufacturing woven fabric. The firm produces and markets yarn, solid dyed, woven fabrics, and printed fabrics in diverse shades, quality, construction, recipes, colours among others across countries. Besides, the company also produces Knit yarn dyeing, Sweater yarn dyeing, and printing fabrics as well. Majority of the revenue is generated from Yarn dyed fabrics.

Paramount Textile (DHA:PTL) Headlines

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