Bhandari Hosiery Exports (BOM:512608) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Bhandari Hosiery Exports Debt-to-Equity?

Bhandari Hosiery Exports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Bhandari Hosiery Exports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Bhandari Hosiery Exports's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0 Mil.

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 Bhandari Hosiery Exports's Debt-to-Equity or its related term are showing as below:

BOM:512608' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.31 Max: 1.58
Current: 1.33

During the past 13 years, the highest Debt-to-Equity Ratio of Bhandari Hosiery Exports was 1.58. The lowest was 0.59. And the median was 1.31.

BOM:512608's Debt-to-Equity is ranked worse than
82.71% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:512608: 1.33

Bhandari Hosiery Exports Debt-to-Equity Historical Data

The historical data trend for Bhandari Hosiery Exports'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.

Bhandari Hosiery Exports Debt-to-Equity Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.34

1.50

1.52

1.40

1.20

Bhandari Hosiery Exports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.20	N/A	1.33	N/A

Competitive Comparison of Bhandari Hosiery Exports's Debt-to-Equity

For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports'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.

Bhandari Hosiery Exports's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bhandari Hosiery Exports's Debt-to-Equity falls into.

Bhandari Hosiery Exports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bhandari Hosiery Exports's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(779.283	+	263.912)	/	871.228
	=	1.20

Bhandari Hosiery Exports's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	0
	=	N/A

Bhandari Hosiery Exports (BOM:512608) 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.

Bhandari Hosiery Exports Debt-to-Equity Related Terms

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Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

Bhandari Hosiery Exports (BOM:512608) Headlines

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