Mini Diamonds (India) (BOM:523373) Debt-to-Equity : N/A (As of Jun. 2024)

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What is Mini Diamonds (India) Debt-to-Equity?

Mini Diamonds (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil. Mini Diamonds (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil. Mini Diamonds (India)'s Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹0 Mil.

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 Mini Diamonds (India)'s Debt-to-Equity or its related term are showing as below:

BOM:523373' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 2.02 Max: 3.35
Current: 1.68

During the past 13 years, the highest Debt-to-Equity Ratio of Mini Diamonds (India) was 3.35. The lowest was 0.67. And the median was 2.02.

BOM:523373's Debt-to-Equity is ranked worse than
82.45% of 1014 companies
in the Retail - Cyclical industry
Industry Median: 0.58 vs BOM:523373: 1.68

Mini Diamonds (India) Debt-to-Equity Historical Data

The historical data trend for Mini Diamonds (India)'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.

Mini Diamonds (India) Debt-to-Equity Chart

Mini Diamonds (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.49

1.03

0.67

2.10

1.68

Mini Diamonds (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.24	N/A	1.68	N/A

Competitive Comparison of Mini Diamonds (India)'s Debt-to-Equity

For the Luxury Goods subindustry, Mini Diamonds (India)'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.

Mini Diamonds (India)'s Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mini Diamonds (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mini Diamonds (India)'s Debt-to-Equity falls into.

Mini Diamonds (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mini Diamonds (India)'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
	=	(145.728	+	0)	/	86.682
	=	1.68

Mini Diamonds (India)'s Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	0
	=	N/A

Mini Diamonds (India) (BOM:523373) 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.

Mini Diamonds (India) Debt-to-Equity Related Terms

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Mini Diamonds (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mini Diamonds (India) Ltd (BOM:523373) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.minidiamonds.net

Mini Diamonds (India) Ltd is an India-based company engaged in Diamonds Trading and Manufacturing. The diamonds provided by the company include Cut and Polished Diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment which is Jewellery manufacturing.

Mini Diamonds (India) Headlines

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