Shekhawati Poly-Yarn (NSE:SPYL) Debt-to-Equity : 0.12 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Shekhawati Poly-Yarn Debt-to-Equity?

Shekhawati Poly-Yarn's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2.2 Mil. Shekhawati Poly-Yarn's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6.2 Mil. Shekhawati Poly-Yarn's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹72.7 Mil. Shekhawati Poly-Yarn's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Shekhawati Poly-Yarn's Debt-to-Equity or its related term are showing as below:

NSE:SPYL' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.27 Med: -1.81 Max: 24.42
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Shekhawati Poly-Yarn was 24.42. The lowest was -4.27. And the median was -1.81.

NSE:SPYL's Debt-to-Equity is ranked better than
79.59% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:SPYL: 0.12

Shekhawati Poly-Yarn Debt-to-Equity Historical Data

The historical data trend for Shekhawati Poly-Yarn'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.

Shekhawati Poly-Yarn Debt-to-Equity Chart

Shekhawati Poly-Yarn Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

-2.13

-2.02

-1.61

-1.37

0.12

Shekhawati Poly-Yarn Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-1.37	N/A	-1.43	N/A	0.12

Competitive Comparison of Shekhawati Poly-Yarn's Debt-to-Equity

For the Textile Manufacturing subindustry, Shekhawati Poly-Yarn'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.

Shekhawati Poly-Yarn's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shekhawati Poly-Yarn's Debt-to-Equity falls into.

Shekhawati Poly-Yarn Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shekhawati Poly-Yarn's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(2.22	+	6.221)	/	72.727
	=	0.12

Shekhawati Poly-Yarn's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2.22	+	6.221)	/	72.727
	=	0.12

Shekhawati Poly-Yarn (NSE:SPYL) 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.

Shekhawati Poly-Yarn Debt-to-Equity Related Terms

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

Shekhawati Poly-Yarn (NSE:SPYL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shekhawati Poly-Yarn Ltd (NSE:SPYL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

533301:India

Address

Off. Western Express Highway, Express Zone, 'A' Wing, Unit No. 1102/1103, Patel Vatika, Malad (East), Mumbai, MH, IND, 400 097

Website

https://www.shekhawatiyarn.com

Shekhawati Poly-Yarn Ltd is engaged in the business of manufacturing of texturizing yarn, twisting yarn and knitted fabrics. The Company operates through the textile business segment. The firm engages in the manufacture of polyester texturized yarn and fancy yarn used for suiting, shirting, dress materials, sarees, hosiery, knitted fabric, zipper fastener, curtain, industrial cloth, and upholstery. The company caters to both domestic and international markets.

Shekhawati Poly-Yarn (NSE:SPYL) Headlines

No Headlines