S K S Textiles (NSE:SKSTEXTILE) Debt-to-Equity : 1.83 (As of Mar. 2020)

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What is S K S Textiles Debt-to-Equity?

S K S Textiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was ₹499 Mil. S K S Textiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was ₹37 Mil. S K S Textiles's Total Stockholders Equity for the quarter that ended in Mar. 2020 was ₹293 Mil. S K S Textiles's debt to equity for the quarter that ended in Mar. 2020 was 1.83.

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 S K S Textiles's Debt-to-Equity or its related term are showing as below:

NSE:SKSTEXTILE's Debt-to-Equity is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43
* Ranked among companies with meaningful Debt-to-Equity only.

S K S Textiles Debt-to-Equity Historical Data

The historical data trend for S K S Textiles'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.

S K S Textiles Debt-to-Equity Chart

S K S Textiles Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Debt-to-Equity

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1.30

1.61

1.18

1.19

1.83

S K S Textiles Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20
Debt-to-Equity	Get a 7-Day Free Trial					1.24	1.18	1.14	1.19	1.83

Competitive Comparison of S K S Textiles's Debt-to-Equity

For the Textile Manufacturing subindustry, S K S Textiles'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.

S K S Textiles's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where S K S Textiles's Debt-to-Equity falls into.

S K S Textiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

S K S Textiles's Debt to Equity Ratio for the fiscal year that ended in Mar. 2020 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
	=	(498.57	+	37.003)	/	293.16
	=	1.83

S K S Textiles's Debt to Equity Ratio for the quarter that ended in Mar. 2020 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
	=	(498.57	+	37.003)	/	293.16
	=	1.83

S K S Textiles (NSE:SKSTEXTILE) 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.

S K S Textiles Debt-to-Equity Related Terms

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

S K S Textiles (NSE:SKSTEXTILE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » S K S Textiles Ltd (NSE:SKSTEXTILE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Gala No. 431, Keval Industrial Estate, 4th Floor, Lower Parel West, Mumbai, MH, IND, 400013

Website

http://www.groupsks.com

S K S Textiles Ltd is a textile company. It is engaged in the business of textile manufacturing and trading. The company manufactures grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and for other garment companies.

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