Shiva Texyarn (BOM:511108) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Shiva Texyarn Debt-to-Equity?

Shiva Texyarn's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Shiva Texyarn's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Shiva Texyarn'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 Shiva Texyarn's Debt-to-Equity or its related term are showing as below:

BOM:511108' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.16 Max: 2.02
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of Shiva Texyarn was 2.02. The lowest was 0.78. And the median was 1.16.

BOM:511108's Debt-to-Equity is ranked worse than
72.3% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:511108: 0.91

Shiva Texyarn Debt-to-Equity Historical Data

The historical data trend for Shiva Texyarn'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.

Shiva Texyarn Debt-to-Equity Chart

Shiva Texyarn Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.79

1.69

0.98

0.99

0.78

Shiva Texyarn 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	0.78	N/A	0.91	N/A

Competitive Comparison of Shiva Texyarn's Debt-to-Equity

For the Textile Manufacturing subindustry, Shiva Texyarn'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.

Shiva Texyarn's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Shiva Texyarn Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiva Texyarn'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
	=	(536.294	+	506.402)	/	1341.121
	=	0.78

Shiva Texyarn'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

Shiva Texyarn (BOM:511108) 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.

Shiva Texyarn Debt-to-Equity Related Terms

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Shiva Texyarn (BOM:511108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shiva Texyarn Ltd (BOM:511108) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SHIVATEX:India

Address

Krishnaswamy Mudaliar Road, Sri Vari Kikani Center, 3A, 3rd Floor, R.S. Puram, Coimbatore, TN, IND, 641 002

Website

https://www.shivatex.in

Shiva Texyarn Ltd manufactures and markets Cotton yarn and other value-added textile products primarily in India. It operates in the Textiles segment through the divisions of Spinning Mill, Processing, Lamination, Bag, and Garment, among others. The group sells products such as Yarn, Fabrics, Waste cotton and Garments, of which a majority of revenue is derived from the sale of Yarn products. Geographically, the organization has a business presence in India and other countries, of which a majority of the revenue is derived within India.

Shiva Texyarn (BOM:511108) Headlines

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