Perfect Moment (Perfect Moment) Debt-to-Equity : -2.68 (As of Mar. 2023)

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What is Perfect Moment Debt-to-Equity?

Perfect Moment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $11.10 Mil. Perfect Moment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.01 Mil. Perfect Moment's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-4.14 Mil. Perfect Moment's debt to equity for the quarter that ended in Mar. 2023 was -2.68.

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 Perfect Moment's Debt-to-Equity or its related term are showing as below:

PMNT' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.68 Med: -2.36 Max: 2.55
Current: -2.68

During the past 4 years, the highest Debt-to-Equity Ratio of Perfect Moment was 2.55. The lowest was -2.68. And the median was -2.36.

PMNT's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43 vs PMNT: -2.68

Perfect Moment Debt-to-Equity Historical Data

The historical data trend for Perfect Moment'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.

Perfect Moment Debt-to-Equity Chart

Perfect Moment Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

-2.61

2.55

-2.12

-2.68

Perfect Moment Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	-2.61	2.55	-2.12	-2.68

Competitive Comparison of Perfect Moment's Debt-to-Equity

For the Apparel Manufacturing subindustry, Perfect Moment'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.

Perfect Moment's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Perfect Moment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Perfect Moment'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
	=	(11.095	+	0.008)	/	-4.141
	=	-2.68

Perfect Moment's Debt to Equity Ratio for the quarter 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
	=	(11.095	+	0.008)	/	-4.141
	=	-2.68

Perfect Moment (AMEX:PMNT) 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.

Perfect Moment Debt-to-Equity Related Terms

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Perfect Moment (Perfect Moment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Perfect Moment Ltd (AMEX:PMNT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

307 Canalot Studios, 222 Kensal Road, London, GBR, W10 5BN

Website

https://www.perfectmoment.com

Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear. They operate at the intersection of luxury fashion and multi-channel commerce. Although the Company is organized fundamentally as one business segment which is product sales, the Company's revenues are primarily split between three geographic areas which are the US, Europe and the UK.

Perfect Moment (Perfect Moment) Headlines

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