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Veekayem Fashion & Apparels (NSE:VEEKAYEM) Debt-to-Asset : 0.62 (As of Mar. 2024)


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What is Veekayem Fashion & Apparels Debt-to-Asset?

Veekayem Fashion & Apparels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹869 Mil. Veekayem Fashion & Apparels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹87 Mil. Veekayem Fashion & Apparels's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹1,554 Mil. Veekayem Fashion & Apparels's debt to asset for the quarter that ended in Mar. 2024 was 0.62.

Veekayem Fashion & Apparels Debt-to-Asset Historical Data

The historical data trend for Veekayem Fashion & Apparels'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.

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Veekayem Fashion & Apparels Debt-to-Asset Chart

Veekayem Fashion & Apparels Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Asset
0.60 0.65 0.62 0.62 0.62

Veekayem Fashion & Apparels Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Asset 0.60 0.65 0.62 0.62 0.62

Competitive Comparison of Veekayem Fashion & Apparels's Debt-to-Asset

For the Textile Manufacturing subindustry, Veekayem Fashion & Apparels'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.

Veekayem Fashion & Apparels's Debt-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Veekayem Fashion & Apparels's Debt-to-Asset falls into.


Veekayem Fashion & Apparels Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Veekayem Fashion & Apparels's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(869.228 + 87.232) / 1554.435
=0.62

Veekayem Fashion & Apparels's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(869.228 + 87.232) / 1554.435
=0.62

* 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.

Veekayem Fashion & Apparels  (NSE:VEEKAYEM) 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.

Veekayem Fashion & Apparels Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Veekayem Fashion & Apparels's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Veekayem Fashion & Apparels Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veekayem Fashion & Apparels Ltd (NSE:VEEKAYEM) » Definitions » Debt-to-Asset
Comparable Companies
BOM:542862 BOM:514300 BOM:512553 NSE:SHRITECH BOM:500282 BOM:509692 BOM:539546 NSE:AVIANSH BOM:590056 BOM:514138 HKSE:02313 TSE:3402 SZSE:000158 TPE:1402 IST:SASA SHSE:601233 SHSE:600295 BOM:532889 AIN TPE:2915
Traded in Other Exchanges
N/A
Address
Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063
Website
https://www.vkmgroups.com
Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

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