Mohini Health & Hygiene (NSE:MHHL) Debt-to-Equity : 0.31 (As of Mar. 2023)

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What is Mohini Health & Hygiene Debt-to-Equity?

Mohini Health & Hygiene's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹198 Mil. Mohini Health & Hygiene's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹82 Mil. Mohini Health & Hygiene's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹897 Mil. Mohini Health & Hygiene's debt to equity for the quarter that ended in Mar. 2023 was 0.31.

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 Mohini Health & Hygiene's Debt-to-Equity or its related term are showing as below:

NSE:MHHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.57 Max: 0.96
Current: 0.31

During the past 7 years, the highest Debt-to-Equity Ratio of Mohini Health & Hygiene was 0.96. The lowest was 0.31. And the median was 0.57.

NSE:MHHL's Debt-to-Equity is ranked better than
59.64% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:MHHL: 0.31

Mohini Health & Hygiene Debt-to-Equity Historical Data

The historical data trend for Mohini Health & Hygiene'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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Mohini Health & Hygiene Debt-to-Equity Chart

Mohini Health & Hygiene Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.78

0.58

0.56

0.53

0.31

Mohini Health & Hygiene Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial							0.56	0.50	0.53	0.33	0.31

Competitive Comparison of Mohini Health & Hygiene's Debt-to-Equity

For the Textile Manufacturing subindustry, Mohini Health & Hygiene'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.

Mohini Health & Hygiene's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mohini Health & Hygiene's Debt-to-Equity falls into.

Mohini Health & Hygiene Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mohini Health & Hygiene's Debt to Equity Ratio for the fiscal year 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
	=	(197.927	+	81.694)	/	896.942
	=	0.31

Mohini Health & Hygiene'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
	=	(197.927	+	81.694)	/	896.942
	=	0.31

Mohini Health & Hygiene (NSE:MHHL) 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.

Mohini Health & Hygiene Debt-to-Equity Related Terms

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Mohini Health & Hygiene (NSE:MHHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mohini Health & Hygiene Ltd (NSE:MHHL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Plot No. 109, Sector 3 Industrial Area, Pithampur, Dhar, MP, IND, 454774

Website

https://www.mohinihealthandhygiene.com

Mohini Health & Hygiene Ltd is a manufacturer and exporter of cotton fibre and yarn. It manufactures absorbent cotton used for medical purposes. Some of its products include Surgical Bleached Absorbent Cotton, Cotton Balls, Zig Zag Cotton, Cotton Ear Buds, and Gamjee Rolls. The company generates revenue both from Domestic and International markets and generates a majority of its revenue from Exports.

Mohini Health & Hygiene (NSE:MHHL) Headlines

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