Shubham Polyspin (BOM:542019) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Shubham Polyspin Debt-to-Equity?

Shubham Polyspin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Shubham Polyspin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Shubham Polyspin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 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 Shubham Polyspin's Debt-to-Equity or its related term are showing as below:

BOM:542019' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.96 Max: 2.73
Current: 0.6

During the past 10 years, the highest Debt-to-Equity Ratio of Shubham Polyspin was 2.73. The lowest was 0.60. And the median was 0.96.

BOM:542019's Debt-to-Equity is ranked worse than
59.49% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:542019: 0.60

Shubham Polyspin Debt-to-Equity Historical Data

The historical data trend for Shubham Polyspin'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.

Shubham Polyspin Debt-to-Equity Chart

Shubham Polyspin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.03

0.88

0.80

0.96

0.72

Shubham Polyspin Quarterly Data
	Mar18	Sep18	Mar19	Sep19	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	0.72	N/A	0.60	N/A

Competitive Comparison of Shubham Polyspin's Debt-to-Equity

For the Textile Manufacturing subindustry, Shubham Polyspin'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.

Shubham Polyspin's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Shubham Polyspin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shubham Polyspin'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
	=	(64.785	+	39.598)	/	144.674
	=	0.72

Shubham Polyspin'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

Shubham Polyspin (BOM:542019) 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.

Shubham Polyspin Debt-to-Equity Related Terms

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Shubham Polyspin (BOM:542019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shubham Polyspin Ltd (BOM:542019) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Jetpura - Basantpura Road, Block No. 748, Saket Industrial Estate, Near Kaneria Oil Mill, Village Borisana, Taluka Kadi, Mahesana, GJ, IND, 382728

Website

https://www.shubhampolyspin.com

Shubham Polyspin Ltd is an India based textile company. The company is engaged in the manufacturing of Multifilament yarns. Its products offerings include Polypropylene multifilament yarn (twisted and air intermingled yarn), Shubhlon bag closing threads, and PP webbings and narrow woven fabrics. The company operates in India and sells products under the brand name Shubhlon.

Shubham Polyspin (BOM:542019) Headlines

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