Banswara Syntex (BOM:503722) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Banswara Syntex Debt-to-Equity?

Banswara Syntex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,050 Mil. Banswara Syntex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,497 Mil. Banswara Syntex's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹5,350 Mil. Banswara Syntex's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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 Banswara Syntex's Debt-to-Equity or its related term are showing as below:

BOM:503722' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.27 Max: 2.54
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Banswara Syntex was 2.54. The lowest was 0.64. And the median was 1.27.

BOM:503722's Debt-to-Equity is ranked worse than
62.37% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:503722: 0.66

Banswara Syntex Debt-to-Equity Historical Data

The historical data trend for Banswara Syntex'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.

Banswara Syntex Debt-to-Equity Chart

Banswara Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.94

0.64

0.66

0.73

0.66

Banswara Syntex 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															0.73	N/A	0.62	N/A	0.66

Competitive Comparison of Banswara Syntex's Debt-to-Equity

For the Textile Manufacturing subindustry, Banswara Syntex'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.

Banswara Syntex's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Banswara Syntex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banswara Syntex's Debt to Equity Ratio for the fiscal year 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
	=	(2050.409	+	1497.237)	/	5350.065
	=	0.66

Banswara Syntex'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
	=	(2050.409	+	1497.237)	/	5350.065
	=	0.66

Banswara Syntex (BOM:503722) 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.

Banswara Syntex Debt-to-Equity Related Terms

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Banswara Syntex (BOM:503722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Banswara Syntex Ltd (BOM:503722) » Definitions » Debt-to-Equity

Traded in Other Exchanges

BANSWRAS:India

Address

199, Princess Street, 4th/5th Floor, Gopal Bhawan, Mumbai, MH, IND, 400002

Website

https://www.banswarasyntex.com

Banswara Syntex Ltd operates in the textile industry. The core business of the company is the manufacturing and marketing of textile products. Its product offerings include spun synthetic blended yarn, wool, and wool mix yarn, spun synthetic and worsted fabrics, and cotton and linen fabrics besides readymade garments. The company also produces shirting and technical fabrics.

Banswara Syntex (BOM:503722) Headlines

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