Advance Lifestyles (BOM:521048) Debt-to-Equity : 1.38 (As of Dec. 2023)

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What is Advance Lifestyles Debt-to-Equity?

Advance Lifestyles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Advance Lifestyles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹426.70 Mil. Advance Lifestyles's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹309.63 Mil. Advance Lifestyles's debt to equity for the quarter that ended in Dec. 2023 was 1.38.

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 Advance Lifestyles's Debt-to-Equity or its related term are showing as below:

BOM:521048' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 1.45 Max: 2.54
Current: 1.38

During the past 13 years, the highest Debt-to-Equity Ratio of Advance Lifestyles was 2.54. The lowest was 1.05. And the median was 1.45.

BOM:521048's Debt-to-Equity is ranked worse than
83.55% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:521048: 1.38

Advance Lifestyles Debt-to-Equity Historical Data

The historical data trend for Advance Lifestyles'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.

Advance Lifestyles Debt-to-Equity Chart

Advance Lifestyles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.16

1.44

1.47

1.41

1.40

Advance Lifestyles 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															1.41	1.40	1.39	1.37	1.38

Competitive Comparison of Advance Lifestyles's Debt-to-Equity

For the Textile Manufacturing subindustry, Advance Lifestyles'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.

Advance Lifestyles's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Advance Lifestyles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advance Lifestyles'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
	=	(0	+	432.033)	/	309.011
	=	1.40

Advance Lifestyles'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	+	426.698)	/	309.633
	=	1.38

Advance Lifestyles (BOM:521048) 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.

Advance Lifestyles Debt-to-Equity Related Terms

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

Advance Lifestyles (BOM:521048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Advance Lifestyles Ltd (BOM:521048) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Shahibaugh Road, 21-22, First Floor, Advance Plaza, Ahmedabad, GJ, IND, 380004

Website

https://www.advance.net.in

Advance Lifestyles Ltd is engaged in the trading of textiles. It is also engaged in the real estate sector focusing on mid and large size residential and commercial developments in Gujarat. The company manufactures, buys, sells, imports, exports, refine, manipulate, or otherwise deal in textiles and piece goods of all kinds, yam, threads, silks, art silks, cotton, woolens, nylon, synthetic and allied materials.

Advance Lifestyles (BOM:521048) Headlines

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