CLC Industries (BOM:521082) Debt-to-Equity : -0.98 (As of Mar. 2023)

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What is CLC Industries Debt-to-Equity?

CLC Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹5,355.08 Mil. CLC Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.00 Mil. CLC Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹-5,482.87 Mil. CLC Industries's debt to equity for the quarter that ended in Mar. 2023 was -0.98.

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

BOM:521082' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.54 Med: -1.01 Max: -0.83
Current: -0.98

During the past 13 years, the highest Debt-to-Equity Ratio of CLC Industries was -0.83. The lowest was -2.54. And the median was -1.01.

BOM:521082's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs BOM:521082: -0.98

CLC Industries Debt-to-Equity Historical Data

The historical data trend for CLC 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.

CLC Industries Debt-to-Equity Chart

CLC Industries Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar22

Mar23

Debt-to-Equity

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-0.83

-1.03

-0.96

-1.00

-0.98

CLC Industries Semi-Annual Data
	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial										-0.83	-1.03	-0.96	-1.00	-0.98

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

For the Textile Manufacturing subindustry, CLC 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.

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

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

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

CLC Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CLC Industries'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
	=	(5355.082	+	0)	/	-5482.873
	=	-0.98

CLC Industries's Debt to Equity Ratio for the quarter 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
	=	(5355.082	+	0)	/	-5482.873
	=	-0.98

CLC Industries (BOM:521082) 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.

CLC Industries Debt-to-Equity Related Terms

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

CLC Industries (BOM:521082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CLC Industries Ltd (BOM:521082) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SPENTEX:India

Address

A-60, Okhla Industrial Area, Phase - II, New Delhi, IND, 110020

Website

https://www.spentex.net

CLC Industries Ltd is a textile company based in India. It manufactures cotton yarn, synthetic yarn cotton, and blended yarn. The products of the company include hosiery yarn, weaving yarn, carpet yarn, sewing thread, flat knitting, and industrial yarn. The business segments of the company are Textile Manufacturing, Textile Trading, and Other Trading. The majority of the revenue is generated from the textile manufacturing segment of the company. The company operates in India and internationally and derives its key revenue from India.

CLC Industries (BOM:521082) Headlines

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