Century Textiles & Industries (NSE:CENTURYTEX) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Century Textiles & Industries Debt-to-Equity?

Century Textiles & Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,281 Mil. Century Textiles & Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23,736 Mil. Century Textiles & Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹39,791 Mil. Century Textiles & Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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 Century Textiles & Industries's Debt-to-Equity or its related term are showing as below:

NSE:CENTURYTEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.52 Max: 2.7
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Century Textiles & Industries was 2.70. The lowest was 0.27. And the median was 0.52.

NSE:CENTURYTEX's Debt-to-Equity is ranked worse than
58.11% of 265 companies
in the Forest Products industry
Industry Median: 0.48 vs NSE:CENTURYTEX: 0.63

Century Textiles & Industries Debt-to-Equity Historical Data

The historical data trend for Century Textiles & Industries'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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Century Textiles & Industries Debt-to-Equity Chart

Century Textiles & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.40

0.30

0.36

0.27

0.63

Century Textiles & Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.27	N/A	0.60	N/A	0.63

Competitive Comparison of Century Textiles & Industries's Debt-to-Equity

For the Paper & Paper Products subindustry, Century Textiles & Industries'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.

Century Textiles & Industries's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Century Textiles & Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Century Textiles & Industries's Debt-to-Equity falls into.

Century Textiles & Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Century Textiles & Industries'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
	=	(1281	+	23735.9)	/	39791.3
	=	0.63

Century Textiles & Industries'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
	=	(1281	+	23735.9)	/	39791.3
	=	0.63

Century Textiles & Industries (NSE:CENTURYTEX) 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.

Century Textiles & Industries Debt-to-Equity Related Terms

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Century Textiles & Industries (NSE:CENTURYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Century Textiles & Industries Ltd (NSE:CENTURYTEX) » Definitions » Debt-to-Equity

Traded in Other Exchanges

500040:India

Address

Dr. Annie Besant Road, Century Bhavan, Worli, Mumbai, MH, IND, 400030

Website

https://www.centurytextind.com

Century Textiles & Industries Ltd is a manufacturer with three main business segments: Textiles, Pulp and Paper, and Real Estate. The textiles division manufactures textiles, including suits, shirts, denim products, and bed linens, and rayon products, including various types of yarns and chemicals used to make textiles, tires, and household products. The Real Estates segment includes leased properties. The pulp and paper segment sells products including writing and printing paper, tissue paper, and paper board. Most of the company's revenue is generated in India. Exports comprise less than 10% of total sales.

Century Textiles & Industries (NSE:CENTURYTEX) Headlines

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