Alok Industries (NSE:ALOKINDS) Debt-to-Equity : -1.32 (As of Mar. 2024)

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What is Alok Industries Debt-to-Equity?

Alok Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹16,069 Mil. Alok Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹244,078 Mil. Alok Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-197,759 Mil. Alok Industries's debt to equity for the quarter that ended in Mar. 2024 was -1.32.

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 Alok Industries's Debt-to-Equity or its related term are showing as below:

NSE:ALOKINDS' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.37 Med: -1.33 Max: 15.1
Current: -1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Alok Industries was 15.10. The lowest was -2.37. And the median was -1.33.

NSE:ALOKINDS's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs NSE:ALOKINDS: -1.32

Alok Industries Debt-to-Equity Historical Data

The historical data trend for Alok Industries'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.

Alok Industries Debt-to-Equity Chart

Alok Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-2.37

-1.36

-1.35

-1.28

-1.32

Alok Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-1.28	N/A	-1.24	N/A	-1.32

Competitive Comparison of Alok Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Alok Industries'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.

Alok Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Alok Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alok Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(16069.2	+	244078.3)	/	-197758.7
	=	-1.32

Alok Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(16069.2	+	244078.3)	/	-197758.7
	=	-1.32

Alok Industries (NSE:ALOKINDS) 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.

Alok Industries Debt-to-Equity Related Terms

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

Alok Industries (NSE:ALOKINDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alok Industries Ltd (NSE:ALOKINDS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

521070:India

Address

Ganpatrao Kadam Marg, Peninsula Business Park, Tower B, 2nd and 3rd Floor, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.alokind.com

Alok Industries Ltd is an Indian textile company. The company is engaged in the manufacturing of textile, including mending and packing activities; leather, and other apparel products. Its divisions include Spinning, such as cotton yarn; Home Textiles, such as sheeting fabric, equivalent sheet sets, and terry towels; Apparel Fabrics, such as woven fabric (includes embroidery) and knits; Garments, and Polyester, such as continuous polymerization, partially oriented yarn (POY)/chip, draw texturized yarn (DTY), fully drawn yarn (FDY), polyester staple fiber/cationic yarn and masterbatch. Geographically, it derives a majority of revenue from India. The company generates the majority of its revenue from the Home Textiles product group.

Alok Industries (NSE:ALOKINDS) Headlines

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