Amin Tannery (BOM:541771) Debt-to-Equity : 2.30 (As of Sep. 2023)

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What is Amin Tannery Debt-to-Equity?

Amin Tannery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹283.9 Mil. Amin Tannery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Amin Tannery's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹123.3 Mil. Amin Tannery's debt to equity for the quarter that ended in Sep. 2023 was 2.30.

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 Amin Tannery's Debt-to-Equity or its related term are showing as below:

BOM:541771' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.44 Med: 2.35 Max: 2.58
Current: 2.3

During the past 10 years, the highest Debt-to-Equity Ratio of Amin Tannery was 2.58. The lowest was 1.44. And the median was 2.35.

BOM:541771's Debt-to-Equity is ranked worse than
92.17% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:541771: 2.30

Amin Tannery Debt-to-Equity Historical Data

The historical data trend for Amin Tannery'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.

Amin Tannery Debt-to-Equity Chart

Amin Tannery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.08

2.35

2.43

2.51

2.36

Amin Tannery Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.42	N/A	2.36	N/A	2.30

Competitive Comparison of Amin Tannery's Debt-to-Equity

For the Footwear & Accessories subindustry, Amin Tannery'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.

Amin Tannery's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Amin Tannery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amin Tannery'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
	=	(284.132	+	2.201)	/	121.297
	=	2.36

Amin Tannery's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(283.936	+	0)	/	123.27
	=	2.30

Amin Tannery (BOM:541771) 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.

Amin Tannery Debt-to-Equity Related Terms

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Amin Tannery (BOM:541771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amin Tannery Ltd (BOM:541771) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/288 C, Civil Lines, Kanpur, UP, IND, 208001

Website

https://www.amintannery.in

Amin Tannery Ltd is an Indian-Based manufacturer and exporter of finished leather and leather shoes. It is engaged in the sale, purchase, manufacturing, refining, export, import, and deals as an agent in all classes of leather, hides, skins, and all chemicals and other materials required for converting hides and skins into leather and the business of tanners, curriers, hide and skin merchants. Its products offering includes finished leather and leather shoes including shoes and boots.

Amin Tannery (BOM:541771) Headlines

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