Gretex Industries (NSE:GRETEX) Debt-to-Equity : 0.95 (As of Mar. 2023)

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What is Gretex Industries Debt-to-Equity?

Gretex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹44.4 Mil. Gretex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil. Gretex Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹46.7 Mil. Gretex Industries's debt to equity for the quarter that ended in Mar. 2023 was 0.95.

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

NSE:GRETEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.95
Current: 0.05

During the past 9 years, the highest Debt-to-Equity Ratio of Gretex Industries was 0.95. The lowest was 0.01. And the median was 0.22.

NSE:GRETEX's Debt-to-Equity is ranked better than
89.58% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs NSE:GRETEX: 0.05

Gretex Industries Debt-to-Equity Historical Data

The historical data trend for Gretex 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.

* Premium members only.

Gretex Industries Debt-to-Equity Chart

Gretex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

0.21

0.95

0.05

Gretex Industries Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.01	-	0.21	0.95	0.05

Competitive Comparison of Gretex Industries's Debt-to-Equity

For the Leisure subindustry, Gretex 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.

Gretex Industries's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's Debt-to-Equity distribution charts can be found below:

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

Gretex Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gretex 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
	=	(10.55	+	0)	/	235.948
	=	0.04

Gretex Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(44.412	+	0)	/	46.69
	=	0.95

Gretex Industries (NSE:GRETEX) 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.

Gretex Industries Debt-to-Equity Related Terms

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Gretex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012

Website

https://www.gretexindustries.com

Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and among others.

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