AYM Syntex (BOM:508933) Debt-to-Equity : 0.77 (As of Mar. 2024)

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What is AYM Syntex Debt-to-Equity?

AYM Syntex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,962 Mil. AYM Syntex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,279 Mil. AYM Syntex's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,238 Mil. AYM Syntex's debt to equity for the quarter that ended in Mar. 2024 was 0.76.

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

BOM:508933' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.82 Max: 1.65
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of AYM Syntex was 1.65. The lowest was 0.62. And the median was 0.82.

BOM:508933's Debt-to-Equity is ranked worse than
68.03% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:508933: 0.78

AYM Syntex Debt-to-Equity Historical Data

The historical data trend for AYM 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.

AYM Syntex Debt-to-Equity Chart

AYM Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.76

0.63

0.71

0.66

0.77

AYM 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															0.66	N/A	0.78	N/A	0.77

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

For the Textile Manufacturing subindustry, AYM 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.

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

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

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

AYM Syntex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AYM 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
	=	(1961.8	+	1278.5)	/	4238.2
	=	0.76

AYM 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
	=	(1961.8	+	1278.5)	/	4238.2
	=	0.76

AYM Syntex (BOM:508933) 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.

AYM Syntex Debt-to-Equity Related Terms

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

AYM Syntex (BOM:508933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AYM Syntex Ltd (BOM:508933) » Definitions » Debt-to-Equity

Traded in Other Exchanges

AYMSYNTEX:India

Address

Senapati Bapat Marg, Trade World, B wing, 9th Floor, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.aymsyntex.com

AYM Syntex Ltd is a company which is engaged in the business of textiles. The company manufactures product categories such as nylon yarn, conventionally dyed yarns, bulk continuous filament (BCF) yarns, and textile yarns. It manufactures synthetic yarn in India and outside India. The textile yarn and conventional dyed products include fully drawn yarn, draw textured yarn, oriented yarn, mono yarn, mother FDY yarn, and air textured yarn. Its nylon yarn products include raw white yarn, dope-dyed yarn, conventionally dyed yarns, melange yarn, and nylon 66 yarn. Its BCF yarn products consist of air-twisted, air-entangled, cabled/twisted, BCF singles, and power heat sets.

AYM Syntex (BOM:508933) Headlines

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