Kiran Syntex (BOM:530443) Debt-to-Equity

: N/A (As of Dec. 2023)

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Kiran Syntex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Kiran Syntex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Kiran Syntex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 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 Kiran Syntex's Debt-to-Equity or its related term are showing as below:

BOM:530443' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.14
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Kiran Syntex was 0.14. The lowest was 0.01. And the median was 0.07.

BOM:530443's Debt-to-Equity is ranked better than
80.51% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.445 vs BOM:530443: 0.11

Kiran Syntex Debt-to-Equity Historical Data

The historical data trend for Kiran Syntex'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.

Kiran Syntex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.10

0.06

0.07

0.14

0.11

Kiran Syntex 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																N/A	0.11	N/A	-	N/A

Competitive Comparison

For the Textile Manufacturing subindustry, Kiran Syntex'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.

Kiran Syntex Debt-to-Equity Distribution

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

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

Kiran Syntex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kiran Syntex'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
	=	(0	+	2.36)	/	21.407
	=	0.11

Kiran Syntex'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

Kiran Syntex (BOM:530443) 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.

Kiran Syntex Debt-to-Equity Related Terms

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Kiran Syntex (BOM:530443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kiran Syntex Ltd (BOM:530443) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1/324, Popat Street, Nanpura, Surat, GJ, IND, 395 001

Website

https://www.kiransyntex.com

Kiran Syntex Ltd is engaged in manufacturing and supplying of polyster dyed yarns. The various range of Polyster provided by the company includes Polyster Filament Dyed Yarn, Polyster Air Textured Dyed Yarn, Polyster Slub Dyed Yarn, and Polyster Space Dyed Yarn.

Kiran Syntex (BOM:530443) Headlines

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