Amit International (BOM:531300) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Amit International Debt-to-Equity?

Amit International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.02 Mil. Amit International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Amit International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹196.13 Mil. Amit International's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Amit International's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Amit International was 0.01. The lowest was 0.00. And the median was 0.00.

BOM:531300's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43
* Ranked among companies with meaningful Debt-to-Equity only.

Amit International Debt-to-Equity Historical Data

The historical data trend for Amit International'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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Amit International Debt-to-Equity Chart

Amit International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

Amit International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	N/A	-	N/A	-

Competitive Comparison of Amit International's Debt-to-Equity

For the Textile Manufacturing subindustry, Amit International'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.

Amit International's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Amit International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amit International'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
	=	(0.023	+	0)	/	196.125
	=	0.00

Amit International's Debt to Equity Ratio for the quarter 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
	=	(0.023	+	0)	/	196.125
	=	0.00

Amit International (BOM:531300) 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.

Amit International Debt-to-Equity Related Terms

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Amit International (BOM:531300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amit International Ltd (BOM:531300) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

29, New Marine Lines, 403 A, Dalamal Chambers, 4th Floor, Mumbai, MH, IND, 400020

Website

http://www.amitinternational.in

Amit International Ltd is an Indian firm engaged in the business of trading textiles, fabrics, readymade garments, yarn, hosiery, cotton and blended socks vests, and underwear. The company also deals in textiles made of silk, art-silk, rayon, staple and synthetic bres, cotton, wool, ax, hemp, and jute.

Amit International (BOM:531300) Headlines

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