Mirza International (NSE:MIRZAINT) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Mirza International Debt-to-Equity?

Mirza International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹350 Mil. Mirza International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5 Mil. Mirza International's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹5,526 Mil. Mirza International's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Mirza International's Debt-to-Equity or its related term are showing as below:

NSE:MIRZAINT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.44 Max: 0.72
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Mirza International was 0.72. The lowest was 0.06. And the median was 0.44.

NSE:MIRZAINT's Debt-to-Equity is ranked better than
87.13% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs NSE:MIRZAINT: 0.06

Mirza International Debt-to-Equity Historical Data

The historical data trend for Mirza International'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.

Mirza International Debt-to-Equity Chart

Mirza International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.72

0.43

0.10

0.07

0.06

Mirza International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.07	0.09	N/A	0.06

Competitive Comparison of Mirza International's Debt-to-Equity

For the Footwear & Accessories subindustry, Mirza International'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.

Mirza International's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Mirza International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirza International'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
	=	(349.8	+	4.6)	/	5526.1
	=	0.06

Mirza International'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
	=	(349.8	+	4.6)	/	5526.1
	=	0.06

Mirza International (NSE:MIRZAINT) 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.

Mirza International Debt-to-Equity Related Terms

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Mirza International (NSE:MIRZAINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mirza International Ltd (NSE:MIRZAINT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

526642:India

Address

A-7, Mathura Road, Mohan Co-operative Industrial Estate, New Delhi, IND, 110 044

Website

https://www.mirza.co.in

Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. Its business segment includes the Export division and Domestic Division, where the majority is generated from Export. Geographically the company generates the majority of its revenue from the UK. Its brand includes Thomas Crick, Off the Hook London, and Oaktrak.

Mirza International (NSE:MIRZAINT) Headlines

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