Lux Industries (NSE:LUXIND) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Lux Industries Debt-to-Equity?

Lux Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,875 Mil. Lux Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹233 Mil. Lux Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹15,667 Mil. Lux Industries's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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

NSE:LUXIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.39 Max: 1.49
Current: 0.14

During the past 10 years, the highest Debt-to-Equity Ratio of Lux Industries was 1.49. The lowest was 0.13. And the median was 0.39.

NSE:LUXIND's Debt-to-Equity is ranked better than
76.5% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs NSE:LUXIND: 0.14

Lux Industries Debt-to-Equity Historical Data

The historical data trend for Lux 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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Lux Industries Debt-to-Equity Chart

Lux Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.33

0.13

0.27

0.18

0.14

Lux 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															0.18	N/A	0.17	N/A	0.14

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

For the Apparel Manufacturing subindustry, Lux 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.

Lux Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Lux Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lux 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
	=	(1875.4	+	233.4)	/	15666.7
	=	0.13

Lux 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
	=	(1875.4	+	233.4)	/	15666.7
	=	0.13

Lux Industries (NSE:LUXIND) 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.

Lux Industries Debt-to-Equity Related Terms

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

Lux Industries (NSE:LUXIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lux Industries Ltd (NSE:LUXIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

539542:India

Address

P.S. Srijan Tech Park, DN - 52, Sector - V, 10th Floor, Salt Lake City, Kolkata, WB, IND, 700 091

Website

https://www.luxinnerwear.com

Lux Industries Ltd is an Indian company which is engaged in manufacturing and sales of knitwear for men, women, and children. The company's products include briefs, trunks, drawers, vests, Bermudas, t-shirts, socks, leggings, bloomer, panties, slacks and slips and winter wear. It markets its products under the brand name Lux Cozi, Lux Cozi Bigshot, Lux Venus, Lux Classic, Lux Inferno, Lux Cottswool and others. The company has one primary segment which is manufacturing and the sale of Knitwear's. Geographically, it derives a majority of its revenue from India.

Lux Industries (NSE:LUXIND) Headlines

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