Nishat Mills (KAR:NML) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is Nishat Mills Debt-to-Equity?

Nishat Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨56,183 Mil. Nishat Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨24,927 Mil. Nishat Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨137,128 Mil. Nishat Mills's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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

KAR:NML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.36 Max: 0.62
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Nishat Mills was 0.62. The lowest was 0.28. And the median was 0.36.

KAR:NML's Debt-to-Equity is ranked worse than
59.33% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs KAR:NML: 0.59

Nishat Mills Debt-to-Equity Historical Data

The historical data trend for Nishat 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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Nishat Mills Debt-to-Equity Chart

Nishat Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.37

0.38

0.37

0.44

0.52

Nishat 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															0.56	0.52	0.46	0.62	0.59

Competitive Comparison of Nishat Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Nishat 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.

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

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

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

Nishat Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nishat 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
	=	(49910.443	+	13683.476)	/	121527.072
	=	0.52

Nishat 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
	=	(56183.45	+	24927.002)	/	137128.364
	=	0.59

Nishat Mills (KAR:NML) 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.

Nishat Mills Debt-to-Equity Related Terms

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Nishat Mills (KAR:NML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7, Main Gulberg, Lahore, PB, PAK, 54660

Website

https://www.nishatmillsltd.com

Nishat Mills Ltd is a textile manufacturing firm in Pakistan. The firm produces cotton and also owns the weaving facility in Pakistan catering to home textile and apparel fabrics. The company conducts its activities through multiple segments such as Spinning, Weaving, Dyeing, Home Textile and Terry, Garments and Power Generation. Its processing facilities are specially made to handle heavyweight fabrics like twills, drills, canvases/poplins, fabrics with minimum tension such as stretch fabrics and all high-density weaves. The business also exports to Europe, the United States of America, Asia, Africa and Australia. The firm caters to domestic and international markets.