Garware Technical Fibres (NSE:GARFIBRES) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Garware Technical Fibres Debt-to-Equity?

Garware Technical Fibres's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Garware Technical Fibres's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Garware Technical Fibres's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Garware Technical Fibres's Debt-to-Equity or its related term are showing as below:

NSE:GARFIBRES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.17 Max: 0.26
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Garware Technical Fibres was 0.26. The lowest was 0.08. And the median was 0.17.

NSE:GARFIBRES's Debt-to-Equity is ranked better than
82.3% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:GARFIBRES: 0.10

Garware Technical Fibres Debt-to-Equity Historical Data

The historical data trend for Garware Technical Fibres'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.

Garware Technical Fibres Debt-to-Equity Chart

Garware Technical Fibres Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.17

0.18

0.13

0.08

0.13

Garware Technical Fibres 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															N/A	0.13	N/A	0.10	N/A

Competitive Comparison of Garware Technical Fibres's Debt-to-Equity

For the Textile Manufacturing subindustry, Garware Technical Fibres'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.

Garware Technical Fibres's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Technical Fibres's Debt-to-Equity falls into.

Garware Technical Fibres Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garware Technical Fibres'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
	=	(1329.553	+	5.98)	/	10163.955
	=	0.13

Garware Technical Fibres'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
	=	(0	+	0)	/	0
	=	N/A

Garware Technical Fibres (NSE:GARFIBRES) 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.

Garware Technical Fibres Debt-to-Equity Related Terms

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

Garware Technical Fibres (NSE:GARFIBRES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Technical Fibres Ltd (NSE:GARFIBRES) » Definitions » Debt-to-Equity

Traded in Other Exchanges

509557:India

Address

Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019

Website

https://www.garwarefibres.com

Garware Technical Fibres Ltd is involved in the textile business. The firm provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. Its operating segment includes Synthetic Cordage and Fibre and Industrial Products and Projects. The company generates maximum revenue from the Synthetic Cordage segment. Its products include ropes, twine, yarn, fishnet, and other nets.

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