Angel Fibers (BOM:541006) Debt-to-Equity : 1.81 (As of Mar. 2024)

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What is Angel Fibers Debt-to-Equity?

Angel Fibers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹182 Mil. Angel Fibers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹291 Mil. Angel Fibers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹261 Mil. Angel Fibers's debt to equity for the quarter that ended in Mar. 2024 was 1.81.

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 Angel Fibers's Debt-to-Equity or its related term are showing as below:

BOM:541006' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.16 Med: 2.16 Max: 5.46
Current: 1.81

During the past 11 years, the highest Debt-to-Equity Ratio of Angel Fibers was 5.46. The lowest was 1.16. And the median was 2.16.

BOM:541006's Debt-to-Equity is ranked worse than
88.96% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:541006: 1.81

Angel Fibers Debt-to-Equity Historical Data

The historical data trend for Angel Fibers'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.

Angel Fibers Debt-to-Equity Chart

Angel Fibers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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5.46

3.32

2.19

2.13

1.81

Angel Fibers Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													2.19	2.03	2.13	1.93	1.81

Competitive Comparison of Angel Fibers's Debt-to-Equity

For the Textile Manufacturing subindustry, Angel Fibers'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.

Angel Fibers's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Angel Fibers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Angel Fibers'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
	=	(182.044	+	291.328)	/	261.204
	=	1.81

Angel Fibers'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
	=	(182.044	+	291.328)	/	261.204
	=	1.81

Angel Fibers (BOM:541006) 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.

Angel Fibers Debt-to-Equity Related Terms

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

Angel Fibers (BOM:541006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Angel Fibers Ltd (BOM:541006) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Survey No. 100/1, Plot No. 1, Kalavad - Ranuja Road, Taluka - Kalavad, Jamnagar, GJ, IND, 361112

Website

http://www.angelfibers.com

Angel Fibers Ltd is a textile manufacturing company. It also trades in cotton waste which is by-product of its manufactured product. The company operates in the Spinning of Cotton Yarn business segment. The products of the company are Cotton Carded Yarn, Cotton Combed Yarn and Cotton Compact Yarn.

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