Scarnose International (BOM:543537) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Scarnose International Debt-to-Equity?

Scarnose International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.2 Mil. Scarnose International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Scarnose International's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹99.9 Mil. Scarnose International's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Scarnose International's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Scarnose International was 0.85. The lowest was 0.00. And the median was 0.03.

BOM:543537's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Scarnose International Debt-to-Equity Historical Data

The historical data trend for Scarnose International'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.

Scarnose International Debt-to-Equity Chart

Scarnose International Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Equity

0.06

0.01

0.85

Scarnose International Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.85	-	-	-

Competitive Comparison of Scarnose International's Debt-to-Equity

For the Textile Manufacturing subindustry, Scarnose International'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.

Scarnose International's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Scarnose International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scarnose International's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(28.944	+	0)	/	33.901
	=	0.85

Scarnose International'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
	=	(0.16	+	0)	/	99.946
	=	0.00

Scarnose International (BOM:543537) 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.

Scarnose International Debt-to-Equity Related Terms

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Scarnose International (BOM:543537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Scarnose International Ltd (BOM:543537) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Off C. G. Road, 503, Sun Square, Nr Hotel Nest, Navrangpura, Ahmedabad, GJ, IND, 380006

Website

https://www.scarnose.com

Scarnose International Ltd manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The companies product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.

Scarnose International (BOM:543537) Headlines

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