Aarvee Denims & Exports (BOM:514274) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Aarvee Denims & Exports Debt-to-Equity?

Aarvee Denims & Exports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Aarvee Denims & Exports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Aarvee Denims & 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 Aarvee Denims & Exports's Debt-to-Equity or its related term are showing as below:

BOM:514274' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 1.59 Max: 10.96
Current: 10.96

During the past 13 years, the highest Debt-to-Equity Ratio of Aarvee Denims & Exports was 10.96. The lowest was 1.19. And the median was 1.59.

BOM:514274's Debt-to-Equity is ranked worse than
99.04% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:514274: 10.96

Aarvee Denims & Exports Debt-to-Equity Historical Data

The historical data trend for Aarvee Denims & 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.

Aarvee Denims & Exports Debt-to-Equity Chart

Aarvee Denims & Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.59

1.81

2.58

3.27

6.46

Aarvee Denims & 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	6.46	N/A	10.96	N/A

Competitive Comparison of Aarvee Denims & Exports's Debt-to-Equity

For the Textile Manufacturing subindustry, Aarvee Denims & 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.

Aarvee Denims & Exports's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Aarvee Denims & Exports's Debt-to-Equity falls into.

Aarvee Denims & Exports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aarvee Denims & 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
	=	(2301.372	+	1663.922)	/	614.02
	=	6.46

Aarvee Denims & 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

Aarvee Denims & Exports (BOM:514274) 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.

Aarvee Denims & Exports Debt-to-Equity Related Terms

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Aarvee Denims & Exports (BOM:514274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aarvee Denims & Exports Ltd (BOM:514274) » Definitions » Debt-to-Equity

Traded in Other Exchanges

AARVEEDEN:India

Address

191, Moje Shahwadi, Narol - Sarkej Highway, Near Old Octroi Naka, Ahmedabad, GJ, IND, 382 405

Website

https://www.aarveedenims.com

Aarvee Denims & Exports Ltd is engaged in the manufacturing and selling of denim and non-denim fabrics and garments. The company has identified two reportable business segments that are Textile and Windmill; out of which the Textile segment generates the maximum revenue for the company. Geographically, it derives a majority of its revenue from India.

Aarvee Denims & Exports (BOM:514274) Headlines

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