Utssav CZ Gold Jewels (NSE:UTSSAV) Debt-to-Equity : 2.07 (As of Mar. 2024)

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What is Utssav CZ Gold Jewels Debt-to-Equity?

Utssav CZ Gold Jewels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹678 Mil. Utssav CZ Gold Jewels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹51 Mil. Utssav CZ Gold Jewels's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹352 Mil. Utssav CZ Gold Jewels's debt to equity for the quarter that ended in Mar. 2024 was 2.07.

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 Utssav CZ Gold Jewels's Debt-to-Equity or its related term are showing as below:

NSE:UTSSAV' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.07 Med: 2.3 Max: 2.57
Current: 2.07

During the past 4 years, the highest Debt-to-Equity Ratio of Utssav CZ Gold Jewels was 2.57. The lowest was 2.07. And the median was 2.30.

NSE:UTSSAV's Debt-to-Equity is ranked worse than
85.77% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.59 vs NSE:UTSSAV: 2.07

Utssav CZ Gold Jewels Debt-to-Equity Historical Data

The historical data trend for Utssav CZ Gold Jewels'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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Utssav CZ Gold Jewels Debt-to-Equity Chart

Utssav CZ Gold Jewels Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

2.57

2.39

2.22

2.07

Utssav CZ Gold Jewels Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	2.57	2.39	2.22	2.07

Competitive Comparison of Utssav CZ Gold Jewels's Debt-to-Equity

For the Luxury Goods subindustry, Utssav CZ Gold Jewels'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.

Utssav CZ Gold Jewels's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Utssav CZ Gold Jewels's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Utssav CZ Gold Jewels's Debt-to-Equity falls into.

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Utssav CZ Gold Jewels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Utssav CZ Gold Jewels'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
	=	(677.941	+	50.957)	/	352.205
	=	2.07

Utssav CZ Gold Jewels'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
	=	(677.941	+	50.957)	/	352.205
	=	2.07

Utssav CZ Gold Jewels (NSE:UTSSAV) 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.

Utssav CZ Gold Jewels Debt-to-Equity Related Terms

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Utssav CZ Gold Jewels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Utssav CZ Gold Jewels Ltd (NSE:UTSSAV) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Mahakali Caves Road, Plot No. 4 and 5, 2nd Floor, Hitech Plaza, Giriraj Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.utssavjewels.com

Utssav CZ Gold Jewels Ltd is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The Company specializes in the lightweight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufactures and offers a wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches, and Broaches, etc.

Utssav CZ Gold Jewels Headlines

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