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Shanti Spintex (BOM:544059) Debt-to-Equity : 0.21 (As of Sep. 2024)


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What is Shanti Spintex Debt-to-Equity?

Shanti Spintex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹66 Mil. Shanti Spintex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹131 Mil. Shanti Spintex's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹930 Mil. Shanti Spintex's debt to equity for the quarter that ended in Sep. 2024 was 0.21.

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 Shanti Spintex's Debt-to-Equity or its related term are showing as below:

BOM:544059' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.66   Max: 1.05
Current: 0.21

During the past 4 years, the highest Debt-to-Equity Ratio of Shanti Spintex was 1.05. The lowest was 0.21. And the median was 0.66.

BOM:544059's Debt-to-Equity is ranked better than
67.81% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs BOM:544059: 0.21

Shanti Spintex Debt-to-Equity Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Debt-to-Equity Chart

Shanti Spintex Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
1.04 1.05 0.75 0.26

Shanti Spintex Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Debt-to-Equity Get a 7-Day Free Trial 1.05 0.75 0.57 0.26 0.21

Competitive Comparison of Shanti Spintex's Debt-to-Equity

For the Textile Manufacturing subindustry, Shanti Spintex'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.


Shanti Spintex's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Shanti Spintex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanti Spintex's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Shanti Spintex's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Shanti Spintex  (BOM:544059) 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.


Shanti Spintex Debt-to-Equity Related Terms

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


Shanti Spintex Business Description

Traded in Other Exchanges
N/A
Address
A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058
Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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