Maksons Spinning Mills (DHA:MAKSONSPIN) Debt-to-Equity

: 1.82 (As of Dec. 2023)

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Maksons Spinning Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT5,252 Mil. Maksons Spinning Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT894 Mil. Maksons Spinning Mills's Total Stockholders Equity for the quarter that ended in Dec. 2023 was BDT3,381 Mil. Maksons Spinning Mills's debt to equity for the quarter that ended in Dec. 2023 was 1.82.

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 Maksons Spinning Mills's Debt-to-Equity or its related term are showing as below:

DHA:MAKSONSPIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.96 Max: 1.82
Current: 1.82

During the past 13 years, the highest Debt-to-Equity Ratio of Maksons Spinning Mills was 1.82. The lowest was 0.50. And the median was 0.96.

DHA:MAKSONSPIN's Debt-to-Equity is ranked worse than
88.33% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.445 vs DHA:MAKSONSPIN: 1.82

Maksons Spinning Mills Debt-to-Equity Historical Data

The historical data trend for Maksons Spinning Mills'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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Maksons Spinning Mills Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.16

1.19

1.00

0.98

1.40

Maksons Spinning Mills 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															0.95	1.09	1.40	1.57	1.82

Competitive Comparison

For the Textile Manufacturing subindustry, Maksons Spinning Mills'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.

Maksons Spinning Mills Debt-to-Equity Distribution

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

* The bar in red indicates where Maksons Spinning Mills's Debt-to-Equity falls into.

Maksons Spinning Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maksons Spinning Mills'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
	=	(4462.053	+	924.187)	/	3838.445
	=	1.40

Maksons Spinning Mills'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
	=	(5252.394	+	893.533)	/	3381.16
	=	1.82

Maksons Spinning Mills (DHA:MAKSONSPIN) 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.

Maksons Spinning Mills Debt-to-Equity Related Terms

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Maksons Spinning Mills (DHA:MAKSONSPIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Maksons Spinning Mills Ltd (DHA:MAKSONSPIN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

House No. 17, Road No. 6, Sector No. 1, Uttara Model Town, Dhaka, BGD, 1230

Website

http://www.maksonsgroup.com.bd

Maksons Spinning Mills Ltd is Bangladesh based company in the production and sale of cotton yarn and also it offers cotton combed and carded yarn to the export-oriented readymade garments and knitting industries. The company's specialties are following Carded Yarn, Organic Yarn (Carded, Combed, Slub, Grey melange), Combed Yarn, Slub Yarn, BCI Yarn, Compact Combed Yarn, Grey Melange Yarn, and slub yarn.

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