Manoj Vaibhav Gems N Jewellers (BOM:543995) Debt-to-Equity : 0.69 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Manoj Vaibhav Gems N Jewellers Debt-to-Equity?

Manoj Vaibhav Gems N Jewellers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,694 Mil. Manoj Vaibhav Gems N Jewellers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹596 Mil. Manoj Vaibhav Gems N Jewellers's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹6,178 Mil. Manoj Vaibhav Gems N Jewellers's debt to equity for the quarter that ended in Mar. 2024 was 0.69.

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 Manoj Vaibhav Gems N Jewellers's Debt-to-Equity or its related term are showing as below:

BOM:543995' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.84 Max: 2.25
Current: 0.69

During the past 5 years, the highest Debt-to-Equity Ratio of Manoj Vaibhav Gems N Jewellers was 2.25. The lowest was 0.69. And the median was 1.84.

BOM:543995's Debt-to-Equity is ranked worse than
54.52% of 1007 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs BOM:543995: 0.69

Manoj Vaibhav Gems N Jewellers Debt-to-Equity Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers Debt-to-Equity Chart

Manoj Vaibhav Gems N Jewellers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

2.25

2.14

1.84

1.41

0.69

Manoj Vaibhav Gems N Jewellers Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	2.25	2.14	1.84	1.41	0.69

Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Debt-to-Equity

For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Debt-to-Equity falls into.

Manoj Vaibhav Gems N Jewellers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manoj Vaibhav Gems N Jewellers'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
	=	(3694.34	+	595.74)	/	6177.82
	=	0.69

Manoj Vaibhav Gems N Jewellers'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
	=	(3694.34	+	595.74)	/	6177.82
	=	0.69

Manoj Vaibhav Gems N Jewellers (BOM:543995) 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.

Manoj Vaibhav Gems N Jewellers Debt-to-Equity Related Terms

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

Manoj Vaibhav Gems N Jewellers (BOM:543995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Manoj Vaibhav Gems N Jewellers Ltd (BOM:543995) » Definitions » Debt-to-Equity

Traded in Other Exchanges

MVGJL:India

Address

D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016

Website

https://www.vaibhavjewellers.com

Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

Manoj Vaibhav Gems N Jewellers (BOM:543995) Headlines

No Headlines