Jerash Holdings (US) (Jerash Holdings (US)) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Jerash Holdings (US) Debt-to-Equity?

Jerash Holdings (US)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.3 Mil. Jerash Holdings (US)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.2 Mil. Jerash Holdings (US)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was $68.1 Mil. Jerash Holdings (US)'s debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Jerash Holdings (US)'s Debt-to-Equity or its related term are showing as below:

JRSH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.16
Current: 0.01

During the past 9 years, the highest Debt-to-Equity Ratio of Jerash Holdings (US) was 0.16. The lowest was 0.01. And the median was 0.02.

JRSH's Debt-to-Equity is ranked better than
99.89% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs JRSH: 0.01

Jerash Holdings (US) Debt-to-Equity Historical Data

The historical data trend for Jerash Holdings (US)'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.

Jerash Holdings (US) Debt-to-Equity Chart

Jerash Holdings (US) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.02

0.04

0.02

0.01

Jerash Holdings (US) 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															0.08	0.01	0.06	0.01	0.01

Competitive Comparison of Jerash Holdings (US)'s Debt-to-Equity

For the Apparel Manufacturing subindustry, Jerash Holdings (US)'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.

Jerash Holdings (US)'s Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jerash Holdings (US)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jerash Holdings (US)'s Debt-to-Equity falls into.

Jerash Holdings (US) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jerash Holdings (US)'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
	=	(0.482	+	0.287)	/	68.234
	=	0.01

Jerash Holdings (US)'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
	=	(0.28	+	0.196)	/	68.145
	=	0.01

Jerash Holdings (US) (NAS:JRSH) 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.

Jerash Holdings (US) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jerash Holdings (US)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jerash Holdings (US) (Jerash Holdings (US)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jerash Holdings (US) Inc (NAS:JRSH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

277 Fairfield Road, Suite 338, Fairfield, NJ, USA, 07004

Website

https://www.jerashholdings.com

Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, and Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.

Executives

Chi Yan Mak	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Kian Tjiauw Lee	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Lin Hung Choi	director, 10 percent owner, officer: Chairman/CEO/Pres./Treasurer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Yang Wei	director, officer: Vice President and Secretary	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Tsze Lun Ng	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Bill Korn	director	61 DARREN DRIVE, BASKING RIDGE NJ 07920
Ibrahim H. Saif	director	1 ZOHD STREET, RAWABI PROVINCE SWEIFIEH, AMMAN M2 11185
Gilbert K. Lee	officer: Chief Financial Officer	260 EAST MAIN STREET, SUITE 2706, ROCHESTER NY 14604
Gary J. Haseley	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Karl Brenza	officer: Head of U.S. Operations	26 CHERRY STREET, KATONAH NY 10536
Richard J. Shaw	officer: Chief Financial Officer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Sean Socha	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001