Credo Brands Marketing (NSE:MUFTI) Debt-to-Equity : 0.74 (As of Mar. 2024)

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What is Credo Brands Marketing Debt-to-Equity?

Credo Brands Marketing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹669 Mil. Credo Brands Marketing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,863 Mil. Credo Brands Marketing's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹3,417 Mil. Credo Brands Marketing's debt to equity for the quarter that ended in Mar. 2024 was 0.74.

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 Credo Brands Marketing's Debt-to-Equity or its related term are showing as below:

NSE:MUFTI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.71 Max: 0.75
Current: 0.74

During the past 4 years, the highest Debt-to-Equity Ratio of Credo Brands Marketing was 0.75. The lowest was 0.65. And the median was 0.71.

NSE:MUFTI's Debt-to-Equity is ranked worse than
57.16% of 1006 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs NSE:MUFTI: 0.74

Credo Brands Marketing Debt-to-Equity Historical Data

The historical data trend for Credo Brands Marketing'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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Credo Brands Marketing Debt-to-Equity Chart

Credo Brands Marketing Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.75

0.65

0.68

0.74

Credo Brands Marketing Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	0.75	0.65	0.68	0.74

Competitive Comparison of Credo Brands Marketing's Debt-to-Equity

For the Apparel Retail subindustry, Credo Brands Marketing'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.

Credo Brands Marketing's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Credo Brands Marketing's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Credo Brands Marketing's Debt-to-Equity falls into.

Credo Brands Marketing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Credo Brands Marketing'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
	=	(669.17	+	1862.62)	/	3416.69
	=	0.74

Credo Brands Marketing'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
	=	(669.17	+	1862.62)	/	3416.69
	=	0.74

Credo Brands Marketing (NSE:MUFTI) 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.

Credo Brands Marketing Debt-to-Equity Related Terms

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

Credo Brands Marketing (NSE:MUFTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Credo Brands Marketing Ltd (NSE:MUFTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

544058:India

Address

B-8, MIDC Central Road, Marol, Next to MIDC Police Station, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.credobrands.in

Credo Brands Marketing Ltd is a homegrown brand in the mid-premium and premium men's casual wear market in India. The product offerings range from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. The Company is primarily engaged in the business of retailing of Men's casual wear under its Brand MUFTI. The company generates the majority of its revenue from the sale of its products.

Credo Brands Marketing (NSE:MUFTI) Headlines

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