Milestone Furniture (BOM:541337) Debt-to-Equity : 0.01 (As of Mar. 2023)

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What is Milestone Furniture Debt-to-Equity?

Milestone Furniture's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.00 Mil. Milestone Furniture's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹2.77 Mil. Milestone Furniture's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹255.85 Mil. Milestone Furniture's debt to equity for the quarter that ended in Mar. 2023 was 0.01.

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 Milestone Furniture's Debt-to-Equity or its related term are showing as below:

BOM:541337' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 12.22
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Milestone Furniture was 12.22. The lowest was 0.01. And the median was 0.11.

BOM:541337's Debt-to-Equity is ranked better than
99.74% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.32 vs BOM:541337: 0.01

Milestone Furniture Debt-to-Equity Historical Data

The historical data trend for Milestone Furniture'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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Milestone Furniture Debt-to-Equity Chart

Milestone Furniture Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

Milestone Furniture Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial										0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Milestone Furniture's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Milestone Furniture'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.

Milestone Furniture's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Milestone Furniture's Debt-to-Equity distribution charts can be found below:

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

Milestone Furniture Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Milestone Furniture's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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	+	2.771)	/	255.849
	=	0.01

Milestone Furniture's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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	+	2.771)	/	255.849
	=	0.01

Milestone Furniture (BOM:541337) 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.

Milestone Furniture Debt-to-Equity Related Terms

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Milestone Furniture (BOM:541337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Milestone Furniture Ltd (BOM:541337) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Wada Manor Road, Survey No.147, House No. 271/1, Met Village, Opposite HP Petrol Pump, Palghar, Thane, MH, IND, 421312

Website

http://www.milestonefurniture.in

Milestone Furniture Ltd is engaged in the field of the household furniture business. It manufactures home and office furniture and is also involved in home and office design. The product portfolio includes basic plastic chair/ plastic storage solution/ Dining Tables into all segments like bedroom, dining, living room, essentials and mattresses which are needed at different points during their aspirational home building journey. The company has also spread its product portfolio to serve the institutional segment especially in segments like office seating, desking, and storage solutions. The product assortment covers both the large institutions and small office/home office's needs.

Milestone Furniture (BOM:541337) Headlines

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