Winsome Textile Industries (BOM:514470) Debt-to-Equity : 0.89 (As of Sep. 2024)

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What is Winsome Textile Industries Debt-to-Equity?

Winsome Textile Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹1,632 Mil. Winsome Textile Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹950 Mil. Winsome Textile Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹2,908 Mil. Winsome Textile Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.89.

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

BOM:514470' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.4 Max: 2.58
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Winsome Textile Industries was 2.58. The lowest was 0.89. And the median was 1.40.

BOM:514470's Debt-to-Equity is ranked worse than
71.5% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs BOM:514470: 0.89

Winsome Textile Industries Debt-to-Equity Historical Data

The historical data trend for Winsome Textile 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.

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Winsome Textile Industries Debt-to-Equity Chart

Winsome Textile Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.36

1.46

1.32

1.09

1.04

Winsome Textile Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.07	N/A	1.04	N/A	0.89

Competitive Comparison of Winsome Textile Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Winsome Textile 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.

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

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

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

Winsome Textile Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Winsome Textile 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
	=	(1709.047	+	1151.278)	/	2750.61
	=	1.04

Winsome Textile Industries's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1632.2	+	950.3)	/	2908
	=	0.89

Winsome Textile Industries (BOM:514470) 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.

Winsome Textile Industries Debt-to-Equity Related Terms

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

Winsome Textile Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Winsome Textile Industries Ltd (BOM:514470) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

SCO 191-192, Sector 34-A, Chandigarh, IND, 160022

Website

https://www.winsometextile.com

Winsome Textile Industries Ltd operates in the textile industry. The company is mainly engaged in the production and distribution of yarns and fabric for knitting and weaving. The company operates through the Textile (yarn, fabric, and allied activities) segment. The company's product offerings include raw white yarn, dyed yarn, fancy yarn, and melange yarn among other types of fabrics. Geographically, the company derives its maximum revenue from its customers located outside India.

Winsome Textile Industries Headlines

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