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Shiva Texyarn (NSE:SHIVATEX) Equity-to-Asset : 0.42 (As of Sep. 2024)


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What is Shiva Texyarn Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shiva Texyarn's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹1,270 Mil. Shiva Texyarn's Total Assets for the quarter that ended in Sep. 2024 was ₹3,025 Mil. Therefore, Shiva Texyarn's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.42.

The historical rank and industry rank for Shiva Texyarn's Equity-to-Asset or its related term are showing as below:

NSE:SHIVATEX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27   Med: 0.35   Max: 0.44
Current: 0.42

During the past 13 years, the highest Equity to Asset Ratio of Shiva Texyarn was 0.44. The lowest was 0.27. And the median was 0.35.

NSE:SHIVATEX's Equity-to-Asset is ranked worse than
64.94% of 1078 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.53 vs NSE:SHIVATEX: 0.42

Shiva Texyarn Equity-to-Asset Historical Data

The historical data trend for Shiva Texyarn's Equity-to-Asset 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.

Shiva Texyarn Equity-to-Asset Chart

Shiva Texyarn Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.40 0.42 0.44 0.43

Shiva Texyarn Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 - 0.43 - 0.42

Competitive Comparison of Shiva Texyarn's Equity-to-Asset

For the Textile Manufacturing subindustry, Shiva Texyarn's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Shiva Texyarn's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shiva Texyarn's Equity-to-Asset falls into.



Shiva Texyarn Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Shiva Texyarn's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )=Total Stockholders Equity/Total Assets
=1231.781/2891.887
=0.43

Shiva Texyarn's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=1269.838/3025.048
=0.42

* 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.


Shiva Texyarn  (NSE:SHIVATEX) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Shiva Texyarn Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Shiva Texyarn's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Shiva Texyarn Business Description

Traded in Other Exchanges
Address
Krishnaswamy Mudaliar Road, Sri Vari Kikani Center, 3A, 3rd Floor, R.S. Puram, Coimbatore, TN, IND, 641 002
Shiva Texyarn Ltd manufactures and markets Cotton yarn and other value-added textile products in India. It operates in the Textiles segment through the divisions of Spinning Mill, Processing, Lamination, Bag, and Garment, among others. The group sells products such as Yarn, Fabrics, Waste cotton and Garments, of which a majority of revenue is derived from the sale of Yarn products. Geographically, it has a business presence in India and other countries, of which a majority of the revenue is derived within India.

Shiva Texyarn Headlines

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