Pioneer Embroideries (NSE:PIONEEREMB) Debt-to-Equity : 0.76 (As of Mar. 2024)

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What is Pioneer Embroideries Debt-to-Equity?

Pioneer Embroideries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹518 Mil. Pioneer Embroideries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹585 Mil. Pioneer Embroideries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,455 Mil. Pioneer Embroideries's debt to equity for the quarter that ended in Mar. 2024 was 0.76.

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 Pioneer Embroideries's Debt-to-Equity or its related term are showing as below:

NSE:PIONEEREMB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.76 Max: 1.18
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Pioneer Embroideries was 1.18. The lowest was 0.26. And the median was 0.76.

NSE:PIONEEREMB's Debt-to-Equity is ranked worse than
67.23% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs NSE:PIONEEREMB: 0.76

Pioneer Embroideries Debt-to-Equity Historical Data

The historical data trend for Pioneer Embroideries'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.

Pioneer Embroideries Debt-to-Equity Chart

Pioneer Embroideries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.43

0.30

0.26

0.75

0.76

Pioneer Embroideries 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															0.75	N/A	0.85	N/A	0.76

Competitive Comparison of Pioneer Embroideries's Debt-to-Equity

For the Textile Manufacturing subindustry, Pioneer Embroideries'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.

Pioneer Embroideries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Pioneer Embroideries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pioneer Embroideries'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
	=	(518.445	+	584.745)	/	1455.42
	=	0.76

Pioneer Embroideries'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
	=	(518.445	+	584.745)	/	1455.42
	=	0.76

Pioneer Embroideries (NSE:PIONEEREMB) 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.

Pioneer Embroideries Debt-to-Equity Related Terms

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Pioneer Embroideries (NSE:PIONEEREMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pioneer Embroideries Ltd (NSE:PIONEEREMB) » Definitions » Debt-to-Equity

Traded in Other Exchanges

514300:India

Address

3-A Udyog Nagar, Off S. V. Road, 2nd Floor, Orient House, Unit No. 21 to 25, Goregaon (West), Mumbai, MH, IND, 400062

Website

https://www.pelhakoba.com

Pioneer Embroideries Ltd is a manufacturer and exporter of Dope Dyed Polyester Yarn (DDPY), Embroidery and Lace Products. It has only one operating segment being Textile. The company's products include Dope dyed polyester yarns; embroidered laces, including fabric and guipure, and embroidered dress material; braided laces; embroidered fabrics, allover fabrics, and laces, and crochet laces.

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