Yash Optics and Lens (NSE:YASHOPTICS) Debt-to-Equity : 1.05 (As of Sep. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Yash Optics and Lens Debt-to-Equity?

Yash Optics and Lens's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹30.6 Mil. Yash Optics and Lens's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹214.6 Mil. Yash Optics and Lens's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹233.4 Mil. Yash Optics and Lens's debt to equity for the quarter that ended in Sep. 2023 was 1.05.

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 Yash Optics and Lens's Debt-to-Equity or its related term are showing as below:

NSE:YASHOPTICS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.81 Max: 1.37
Current: 1.05

During the past 3 years, the highest Debt-to-Equity Ratio of Yash Optics and Lens was 1.37. The lowest was 0.36. And the median was 0.81.

NSE:YASHOPTICS's Debt-to-Equity is ranked worse than
88.4% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs NSE:YASHOPTICS: 1.05

Yash Optics and Lens Debt-to-Equity Historical Data

The historical data trend for Yash Optics and Lens'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.

Yash Optics and Lens Debt-to-Equity Chart

Yash Optics and Lens Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.37

0.36

0.57

Yash Optics and Lens Quarterly Data
	Mar21	Mar22	Mar23	Sep23
Debt-to-Equity	1.37	0.36	0.57	1.05

Competitive Comparison of Yash Optics and Lens's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Yash Optics and Lens'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.

Yash Optics and Lens's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Yash Optics and Lens's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yash Optics and Lens's Debt-to-Equity falls into.

Yash Optics and Lens Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yash Optics and Lens's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(0.016	+	108.531)	/	191.15
	=	0.57

Yash Optics and Lens's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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
	=	(30.646	+	214.623)	/	233.402
	=	1.05

Yash Optics and Lens (NSE:YASHOPTICS) 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.

Yash Optics and Lens Debt-to-Equity Related Terms

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

Yash Optics and Lens (NSE:YASHOPTICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Yash Optics and Lens Ltd (NSE:YASHOPTICS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 st, Floor, Unit 70A, Kandiwali Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://yashopticsandlens.com

Yash Optics and Lens Ltd is is primarily engaged in the business of manufacturing, trading, distribution and supplying of comprehensive range of spectacle/optical lenses. It offers products from single vision lenses to advanced progressive lenses, customized progressive lenses to personalized progressives for professionals along with wide range of coatings.

Yash Optics and Lens (NSE:YASHOPTICS) Headlines

No Headlines