Nishat (Chunian) (KAR:NCL) Debt-to-Equity : 1.73 (As of Sep. 2024)

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What is Nishat (Chunian) Debt-to-Equity?

Nishat (Chunian)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₨27,000 Mil. Nishat (Chunian)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₨9,885 Mil. Nishat (Chunian)'s Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₨21,319 Mil. Nishat (Chunian)'s debt to equity for the quarter that ended in Sep. 2024 was 1.73.

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 Nishat (Chunian)'s Debt-to-Equity or its related term are showing as below:

KAR:NCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.1 Med: 2.14 Max: 3.28
Current: 1.73

During the past 13 years, the highest Debt-to-Equity Ratio of Nishat (Chunian) was 3.28. The lowest was 1.10. And the median was 2.14.

KAR:NCL's Debt-to-Equity is ranked worse than
89.02% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs KAR:NCL: 1.73

Nishat (Chunian) Debt-to-Equity Historical Data

The historical data trend for Nishat (Chunian)'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.

Nishat (Chunian) Debt-to-Equity Chart

Nishat (Chunian) Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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1.85

1.34

1.11

2.04

1.87

Nishat (Chunian) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.26	2.26	1.90	1.87	1.73

Competitive Comparison of Nishat (Chunian)'s Debt-to-Equity

For the Textile Manufacturing subindustry, Nishat (Chunian)'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.

Nishat (Chunian)'s Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nishat (Chunian)'s Debt-to-Equity falls into.

Nishat (Chunian) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nishat (Chunian)'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
	=	(29398.216	+	10415.435)	/	21281.909
	=	1.87

Nishat (Chunian)'s Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(27000.391	+	9885.442)	/	21318.72
	=	1.73

Nishat (Chunian) (KAR:NCL) 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.

Nishat (Chunian) Debt-to-Equity Related Terms

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

Nishat (Chunian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nishat (Chunian) Ltd (KAR:NCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

31-Q, Gulberg II, Lahore, PB, PAK, 54660

Website

https://www.nishat.net

Nishat (Chunian) Ltd is engaged in the textile business. The company has the following segments namely Spinning; Weaving; Processing and Home Textile; and Power Generation. The company exports its products to Europe, Asia, Africa, the United States of America, and Pakistan. It deals in yarn, fabrics, and made-ups made from raw cotton, synthetic fibre, and cloth and generates, accumulates, distributes, supplies, and sells electricity and steam. The company earns the majority of its revenue from the Spinning Segment.

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