Tuni Textile Mills (BOM:531411) Debt-to-Equity : N/A (As of Jun. 2024)

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What is Tuni Textile Mills Debt-to-Equity?

Tuni Textile Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.0 Mil. Tuni Textile Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0.0 Mil. Tuni Textile Mills's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ₹0.0 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 Tuni Textile Mills's Debt-to-Equity or its related term are showing as below:

BOM:531411' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.62 Max: 0.98
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of Tuni Textile Mills was 0.98. The lowest was 0.36. And the median was 0.62.

BOM:531411's Debt-to-Equity is ranked worse than
74.92% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:531411: 0.98

Tuni Textile Mills Debt-to-Equity Historical Data

The historical data trend for Tuni Textile Mills'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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Tuni Textile Mills Debt-to-Equity Chart

Tuni Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.68

0.62

0.82

0.79

0.98

Tuni Textile Mills 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	0.86	N/A	0.98	N/A

Competitive Comparison of Tuni Textile Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Tuni Textile Mills'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.

Tuni Textile Mills's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Tuni Textile Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tuni Textile Mills'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
	=	(114.334	+	16.509)	/	133.644
	=	0.98

Tuni Textile Mills'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

Tuni Textile Mills (BOM:531411) 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.

Tuni Textile Mills Debt-to-Equity Related Terms

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Tuni Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tuni Textile Mills Ltd (BOM:531411) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Andheri Kurla road, Suite 267, Building 5b, 2nd Floor, Mittal Industrial Estate, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.tunitextiles.com

Tuni Textile Mills Ltd is a textile manufacturing company. It is engaged in manufacturing synthetic shirting. The company also focuses on trading activities and job work. The business operates in one segment which is the manufacturing of Synthetic Fabric. The finished fabrics generate maximum revenue for the company. It operates its business only in the Indian market.

Tuni Textile Mills Headlines

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