Girnar Spintex Industries (NSE:ASIL) Debt-to-Asset : 0.48 (As of Mar. 2026)

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What is Girnar Spintex Industries Debt-to-Asset?

Girnar Spintex Industries NSE:ASIL Debt-to-Asset is 0.48 as of Mar. 2026. The stock has 6 warning signs investors should review.

Girnar Spintex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹432 Mil. Girnar Spintex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹220 Mil. Girnar Spintex Industries's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was ₹1,357 Mil. Girnar Spintex Industries's debt to asset for the quarter that ended in Mar. 2026 was 0.48.

Girnar Spintex Industries  (NSE:ASIL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Girnar Spintex Industries Debt-to-Asset Related Terms

Girnar Spintex Industries Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Girnar Spintex Industries's Debt-to-Asset 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.

Girnar Spintex Industries Debt-to-Asset Chart

Girnar Spintex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.51 0.47 0.57 0.48

Girnar Spintex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.00 0.48 0.47 0.48

Girnar Spintex Industries Debt-to-Asset Competitor Comparison

For the Textile Manufacturing subindustry, Girnar Spintex Industries's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Girnar Spintex Industries Debt-to-Asset vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Girnar Spintex Industries's Debt-to-Asset falls into.


Girnar Spintex Industries Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Girnar Spintex Industries's Debt-to-Asset for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(432.217 + 220.485) / 1356.967
=0.48

Girnar Spintex Industries's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(432.217 + 220.485) / 1356.967
=0.48

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.48 mean?
Girnar Spintex Industries (NSE:ASIL) has a Debt-to-Asset of 0.48 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Girnar Spintex Industries and its competitors.
Is Girnar Spintex Industries' Debt-to-Asset too high?
Girnar Spintex Industries' current Debt-to-Asset is 0.48.
How does Girnar Spintex Industries' Debt-to-Asset compare to competitors?
Girnar Spintex Industries' Debt-to-Asset of 0.48 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Manufacturing - Apparel & Accessories company?
A good Debt-to-Asset depends on the Manufacturing - Apparel & Accessories industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Girnar Spintex Industries and its competitors. Girnar Spintex Industries's current Debt-to-Asset is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Debt-to-Asset of 0.48. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Debt-to-Asset is 0.48. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Girnar Spintex Industries (NSE:ASIL), the current Debt-to-Asset is 0.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Girnar Spintex Industries Business Description

Address Hupari Kolhapur Road, Gat No. 47 and 48, Sangwade, Taluka Karveer, Kolhapur, MH, IND, 416202
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.