Vishal Fabrics (BOM:538598) Debt-to-Equity : 0.92 (As of Mar. 2024)

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What is Vishal Fabrics Debt-to-Equity?

Vishal Fabrics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,504 Mil. Vishal Fabrics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,304 Mil. Vishal Fabrics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,120 Mil. Vishal Fabrics's debt to equity for the quarter that ended in Mar. 2024 was 0.92.

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 Vishal Fabrics's Debt-to-Equity or its related term are showing as below:

BOM:538598' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 1.03 Max: 1.65
Current: 0.92

During the past 11 years, the highest Debt-to-Equity Ratio of Vishal Fabrics was 1.65. The lowest was 0.62. And the median was 1.03.

BOM:538598's Debt-to-Equity is ranked worse than
72.33% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:538598: 0.92

Vishal Fabrics Debt-to-Equity Historical Data

The historical data trend for Vishal Fabrics'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.

Vishal Fabrics Debt-to-Equity Chart

Vishal Fabrics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.48

1.46

1.13

0.81

0.92

Vishal Fabrics 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															0.81	N/A	0.79	N/A	0.92

Competitive Comparison of Vishal Fabrics's Debt-to-Equity

For the Textile Manufacturing subindustry, Vishal Fabrics'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.

Vishal Fabrics's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Vishal Fabrics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vishal Fabrics'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
	=	(2503.997	+	1303.876)	/	4120.161
	=	0.92

Vishal Fabrics'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
	=	(2503.997	+	1303.876)	/	4120.161
	=	0.92

Vishal Fabrics (BOM:538598) 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.

Vishal Fabrics Debt-to-Equity Related Terms

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

Vishal Fabrics (BOM:538598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vishal Fabrics Ltd (BOM:538598) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Bopal - Ambli Road, Shanti Corporate House, Near Hira Rupa Hall, Bopal, Ahmedabad, GJ, IND, 380058

Website

https://www.vishalfabricsltd.com

Vishal Fabrics Ltd is an Indian company engaged in the business of manufacturing and sale of textile. Its activities include dying, printing, and processing of fabrics of its own and also on job work basis. The company mainly procures grey fabric and dyes, and prints. The company sells Manufactured goods; which includes fabric sales, grey fabric sales, and yarn sales and Trading goods; which include chips sales. It also offers services which include Job work sales. The group operates its business primarily in India.

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