Premco Global (BOM:530331) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Premco Global Debt-to-Equity?

Premco Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23.6 Mil. Premco Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹39.1 Mil. Premco Global's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,128.5 Mil. Premco Global's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Premco Global's Debt-to-Equity or its related term are showing as below:

BOM:530331' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.22
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Premco Global was 0.22. The lowest was 0.05. And the median was 0.09.

BOM:530331's Debt-to-Equity is ranked better than
87.23% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:530331: 0.06

Premco Global Debt-to-Equity Historical Data

The historical data trend for Premco Global'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.

Premco Global Debt-to-Equity Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.22

0.16

0.09

0.11

0.06

Premco Global 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															0.11	N/A	0.06	N/A	0.06

Competitive Comparison of Premco Global's Debt-to-Equity

For the Textile Manufacturing subindustry, Premco Global'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.

Premco Global's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Premco Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premco Global'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
	=	(23.632	+	39.134)	/	1128.527
	=	0.06

Premco Global'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
	=	(23.632	+	39.134)	/	1128.527
	=	0.06

Premco Global (BOM:530331) 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.

Premco Global Debt-to-Equity Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

Premco Global (BOM:530331) Headlines

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