VIP Industries (NSE:VIPIND) Debt-to-Equity : 1.29 (As of Mar. 2024)

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What is VIP Industries Debt-to-Equity?

VIP Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,899 Mil. VIP Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,813 Mil. VIP Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹6,779 Mil. VIP Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.29.

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 VIP Industries's Debt-to-Equity or its related term are showing as below:

NSE:VIPIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.49 Max: 1.29
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of VIP Industries was 1.29. The lowest was 0.04. And the median was 0.49.

NSE:VIPIND's Debt-to-Equity is ranked worse than
81.8% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:VIPIND: 1.29

VIP Industries Debt-to-Equity Historical Data

The historical data trend for VIP Industries'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.

VIP Industries Debt-to-Equity Chart

VIP Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.44

0.68

0.53

0.55

1.29

VIP Industries 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															0.55	N/A	0.74	N/A	1.29

Competitive Comparison of VIP Industries's Debt-to-Equity

For the Footwear & Accessories subindustry, VIP Industries'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.

VIP Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

VIP Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VIP Industries'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
	=	(5898.6	+	2812.9)	/	6779.1
	=	1.29

VIP Industries'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
	=	(5898.6	+	2812.9)	/	6779.1
	=	1.29

VIP Industries (NSE:VIPIND) 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.

VIP Industries Debt-to-Equity Related Terms

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

VIP Industries (NSE:VIPIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VIP Industries Ltd (NSE:VIPIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

507880:India

Address

88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025

Website

https://www.vipindustries.co.in

VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and uprights, among others.

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