Gul Ahmed Textile Mills (KAR:GATM) Debt-to-Equity : 1.36 (As of Mar. 2024)

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What is Gul Ahmed Textile Mills Debt-to-Equity?

Gul Ahmed Textile Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨42,706 Mil. Gul Ahmed Textile Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨18,394 Mil. Gul Ahmed Textile Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨44,875 Mil. Gul Ahmed Textile Mills's debt to equity for the quarter that ended in Mar. 2024 was 1.36.

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 Gul Ahmed Textile Mills's Debt-to-Equity or its related term are showing as below:

KAR:GATM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 1.93 Max: 2.97
Current: 1.36

During the past 13 years, the highest Debt-to-Equity Ratio of Gul Ahmed Textile Mills was 2.97. The lowest was 1.35. And the median was 1.93.

KAR:GATM's Debt-to-Equity is ranked worse than
83.58% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs KAR:GATM: 1.36

Gul Ahmed Textile Mills Debt-to-Equity Historical Data

The historical data trend for Gul Ahmed Textile Mills'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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Gul Ahmed Textile Mills Debt-to-Equity Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.83

2.94

1.91

1.66

1.36

Gul Ahmed Textile Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.64	1.36	1.37	1.35	1.36

Competitive Comparison of Gul Ahmed Textile Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Gul Ahmed Textile Mills'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.

Gul Ahmed Textile Mills's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gul Ahmed Textile Mills's Debt-to-Equity falls into.

Gul Ahmed Textile Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gul Ahmed Textile Mills's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(34897.302	+	23108.778)	/	42565.591
	=	1.36

Gul Ahmed Textile Mills'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
	=	(42705.634	+	18394.22)	/	44875.244
	=	1.36

Gul Ahmed Textile Mills (KAR:GATM) 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.

Gul Ahmed Textile Mills Debt-to-Equity Related Terms

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Gul Ahmed Textile Mills (KAR:GATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

Gul Ahmed Textile Mills (KAR:GATM) Headlines

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