Kohinoor Textile Mills (KAR:KTML) Debt-to-Equity : 0.62 (As of Mar. 2024)

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What is Kohinoor Textile Mills Debt-to-Equity?

Kohinoor Textile Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨13,416 Mil. Kohinoor Textile Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨18,971 Mil. Kohinoor Textile Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨51,961 Mil. Kohinoor Textile Mills's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

KAR:KTML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.76 Max: 1.26
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Kohinoor Textile Mills was 1.26. The lowest was 0.35. And the median was 0.76.

KAR:KTML's Debt-to-Equity is ranked worse than
60.58% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs KAR:KTML: 0.62

Kohinoor Textile Mills Debt-to-Equity Historical Data

The historical data trend for Kohinoor 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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Kohinoor Textile Mills Debt-to-Equity Chart

Kohinoor Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.86

1.06

0.75

0.89

0.76

Kohinoor 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															0.70	0.76	0.78	0.69	0.62

Competitive Comparison of Kohinoor Textile Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Kohinoor 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.

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

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

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

Kohinoor Textile Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kohinoor 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
	=	(12649.125	+	21673.099)	/	44975.492
	=	0.76

Kohinoor 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
	=	(13416.393	+	18970.597)	/	51960.855
	=	0.62

Kohinoor Textile Mills (KAR:KTML) 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.

Kohinoor Textile Mills Debt-to-Equity Related Terms

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

Kohinoor Textile Mills (KAR:KTML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

42-Lawrence Road, Lahore, PB, PAK, 54000

Website

http://www.kmlg.com

Kohinoor Textile Mills Ltd is a company engaged in the manufacturing of yarn and cloth, processing and stitching the cloth, and trade of textile products. It operates through six divisions which comprise Spinning, Weaving, Processing and Home Textile. It is engaged in the production of yarns from natural and artificial fibers and greige fabrics for the manufacture of printed and dyed fabrics and home textile articles. The company generates maximum revenue from the Spinning segment.

Kohinoor Textile Mills (KAR:KTML) Headlines

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