Vardhman Polytex (BOM:514175) Debt-to-Equity : -0.21 (As of Mar. 2024)

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What is Vardhman Polytex Debt-to-Equity?

Vardhman Polytex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹311 Mil. Vardhman Polytex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹451 Mil. Vardhman Polytex's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-3,610 Mil. Vardhman Polytex's debt to equity for the quarter that ended in Mar. 2024 was -0.21.

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 Vardhman Polytex's Debt-to-Equity or its related term are showing as below:

BOM:514175' s Debt-to-Equity Range Over the Past 10 Years
Min: -29.21 Med: -1.48 Max: 21.13
Current: -0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Vardhman Polytex was 21.13. The lowest was -29.21. And the median was -1.48.

BOM:514175's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43 vs BOM:514175: -0.21

Vardhman Polytex Debt-to-Equity Historical Data

The historical data trend for Vardhman Polytex'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.

Vardhman Polytex Debt-to-Equity Chart

Vardhman Polytex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.69

-1.50

-1.46

-1.24

-0.21

Vardhman Polytex 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															-1.24	N/A	-1.20	N/A	-0.21

Competitive Comparison of Vardhman Polytex's Debt-to-Equity

For the Textile Manufacturing subindustry, Vardhman Polytex'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.

Vardhman Polytex's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Vardhman Polytex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vardhman Polytex'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
	=	(310.625	+	451.271)	/	-3610.376
	=	-0.21

Vardhman Polytex'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
	=	(310.625	+	451.271)	/	-3610.376
	=	-0.21

Vardhman Polytex (BOM:514175) 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.

Vardhman Polytex Debt-to-Equity Related Terms

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Vardhman Polytex (BOM:514175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Polytex Ltd (BOM:514175) » Definitions » Debt-to-Equity

Traded in Other Exchanges

VARDMNPOLY:India

Address

Chandigarh Road, Vardhman Park, Ludhiana, PB, IND, 141123

Website

http://www.oswalgroup.com

Vardhman Polytex Ltd is an Indian company operating in the Textile industry. The company is engaged in the manufacturing and export of cotton fabric and branded yarn. It is also engaged in the Real Estate business. It has production facilities located in Bathinda, Ludhiana, and Nalagarh in India. The Company's principal activity is manufacturing of yarn & garments. Its product range includes yarns, fabrics, and garments including compact yarns, Organic Cotton Yarns, Dyed Yarns, polo t-shirts, round neck t-shirts, hoodies, and sweatshirts for men, women, and kids. It generates the majority of the revenue from the Textile Business. Geographically it covers the Indian and International Market.

Vardhman Polytex (BOM:514175) Headlines

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