Toyo Knitex (CEPZ) (DHA:MITHUNKNIT) Debt-to-Equity : 0.25 (As of Jun. 2024)

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What is Toyo Knitex (CEPZ) Debt-to-Equity?

Toyo Knitex (CEPZ)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was BDT45.59 Mil. Toyo Knitex (CEPZ)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was BDT0.00 Mil. Toyo Knitex (CEPZ)'s Total Stockholders Equity for the quarter that ended in Jun. 2024 was BDT180.12 Mil. Toyo Knitex (CEPZ)'s debt to equity for the quarter that ended in Jun. 2024 was 0.25.

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 Toyo Knitex (CEPZ)'s Debt-to-Equity or its related term are showing as below:

DHA:MITHUNKNIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 0.44
Current: 0.25

During the past 8 years, the highest Debt-to-Equity Ratio of Toyo Knitex (CEPZ) was 0.44. The lowest was 0.09. And the median was 0.25.

DHA:MITHUNKNIT's Debt-to-Equity is ranked better than
64.61% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs DHA:MITHUNKNIT: 0.25

Toyo Knitex (CEPZ) Debt-to-Equity Historical Data

The historical data trend for Toyo Knitex (CEPZ)'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.

Toyo Knitex (CEPZ) Debt-to-Equity Chart

Toyo Knitex (CEPZ) Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.44

0.25

Toyo Knitex (CEPZ) Semi-Annual Data
	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			0.44	0.44	0.25	0.25	0.25

Competitive Comparison of Toyo Knitex (CEPZ)'s Debt-to-Equity

For the Textile Manufacturing subindustry, Toyo Knitex (CEPZ)'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.

Toyo Knitex (CEPZ)'s Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toyo Knitex (CEPZ)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Toyo Knitex (CEPZ)'s Debt-to-Equity falls into.

Toyo Knitex (CEPZ) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyo Knitex (CEPZ)'s Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(45.594	+	0)	/	180.117
	=	0.25

Toyo Knitex (CEPZ)'s Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(45.594	+	0)	/	180.117
	=	0.25

Toyo Knitex (CEPZ) (DHA:MITHUNKNIT) 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.

Toyo Knitex (CEPZ) Debt-to-Equity Related Terms

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

Toyo Knitex (CEPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toyo Knitex (CEPZ) Ltd (DHA:MITHUNKNIT) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Road 37, Gulshan Avenue, House No. 50, 6th Floor, South Avenue Tower, Dhaka, BGD, 1212

Website

http://www.mkdl-cepz.com.bd

Toyo Knitex (CEPZ) Ltd is engaged in the activity of carrying on Knitting, Dying & knit garments manufacturing. The company is hundred percent export oriented garments factory. It is a manufactures and exports single jersey, interlock, rib, French terry, collar and cuff, rib with Lycra, and knit garments of all sorts in Bangladesh.

Toyo Knitex (CEPZ) Headlines

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