Iris Clothings (NSE:IRISDOREME) Debt-to-Equity : 0.62 (As of Sep. 2024)

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What is Iris Clothings Debt-to-Equity?

Iris Clothings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹347 Mil. Iris Clothings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹121 Mil. Iris Clothings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹754 Mil. Iris Clothings's debt to equity for the quarter that ended in Sep. 2024 was 0.62.

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 Iris Clothings's Debt-to-Equity or its related term are showing as below:

NSE:IRISDOREME' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.74 Max: 4.36
Current: 0.62

During the past 11 years, the highest Debt-to-Equity Ratio of Iris Clothings was 4.36. The lowest was 0.60. And the median was 0.74.

NSE:IRISDOREME's Debt-to-Equity is ranked worse than
62.26% of 930 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs NSE:IRISDOREME: 0.62

Iris Clothings Debt-to-Equity Historical Data

The historical data trend for Iris Clothings'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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Iris Clothings Debt-to-Equity Chart

Iris Clothings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.04

0.71

0.67

0.62

0.64

Iris Clothings Quarterly Data
	Sep19	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															0.67	N/A	0.64	N/A	0.62

Competitive Comparison of Iris Clothings's Debt-to-Equity

For the Apparel Manufacturing subindustry, Iris Clothings'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.

Iris Clothings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

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Iris Clothings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iris Clothings'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
	=	(354.183	+	87.771)	/	691.616
	=	0.64

Iris Clothings'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
	=	(347.018	+	120.839)	/	754.278
	=	0.62

Iris Clothings (NSE:IRISDOREME) 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.

Iris Clothings Debt-to-Equity Related Terms

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

Iris Clothings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Iris Clothings Ltd (NSE:IRISDOREME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

103/24/1, Foreshore Road, Shibpur, Binani Metal Compound, Howrah, WB, IND, 711102

Website

https://www.irisclothings.in

Iris Clothings Ltd is an India-based company mainly engaged in the manufacturing, designing, branding, and selling of kids wear under the brand name DoReMe. The company caters to the kids wear category mostly juniors including various kinds of apparel and related products for all infants, boys, and girls. Products offered by the company include tops, t-shirts, pants, shorts, frock, dresses, and towels.

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