Hamid Fabrics (DHA:HFL) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Hamid Fabrics Debt-to-Equity?

Hamid Fabrics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT754 Mil. Hamid Fabrics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT108 Mil. Hamid Fabrics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was BDT3,415 Mil. Hamid Fabrics's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 Hamid Fabrics's Debt-to-Equity or its related term are showing as below:

DHA:HFL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.22 Max: 0.36
Current: 0.25

During the past 10 years, the highest Debt-to-Equity Ratio of Hamid Fabrics was 0.36. The lowest was 0.13. And the median was 0.22.

DHA:HFL's Debt-to-Equity is ranked better than
66.09% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs DHA:HFL: 0.25

Hamid Fabrics Debt-to-Equity Historical Data

The historical data trend for Hamid Fabrics'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.

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Hamid Fabrics Debt-to-Equity Chart

Hamid Fabrics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.19

0.18

0.21

0.20

Hamid Fabrics 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															0.20	0.21	0.20	0.27	0.25

Competitive Comparison of Hamid Fabrics's Debt-to-Equity

For the Textile Manufacturing subindustry, Hamid Fabrics'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.

Hamid Fabrics's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Hamid Fabrics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hamid Fabrics's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(650.005	+	35.871)	/	3434.02
	=	0.20

Hamid Fabrics'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
	=	(753.743	+	107.868)	/	3414.767
	=	0.25

Hamid Fabrics (DHA:HFL) 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.

Hamid Fabrics Debt-to-Equity Related Terms

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Hamid Fabrics (DHA:HFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hamid Fabrics PLC (DHA:HFL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212

Website

https://www.mahingroup.com

Hamid Fabrics PLC is a manufacturer of solid-dye fabric for the readymade garment industry. The company's product range includes cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces grey fabrics in various designs and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs of different weight ranges. The finishing mix of Hamid Fabrics Limited comprises water repellent, fireproof, wrinkle-free, Teflon coating, aero finish and chintz finish. The company caters to the markets in the United States of American and the European Union.

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