Relaxo Footwears (BOM:530517) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Relaxo Footwears Debt-to-Equity?

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

BOM:530517' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.72
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Relaxo Footwears was 0.72. The lowest was 0.09. And the median was 0.19.

BOM:530517's Debt-to-Equity is ranked better than
83.35% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:530517: 0.09

Relaxo Footwears Debt-to-Equity Historical Data

The historical data trend for Relaxo Footwears'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.

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Relaxo Footwears Debt-to-Equity Chart

Relaxo Footwears Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.10

0.13

0.09

0.10

0.09

Relaxo Footwears 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	0.09	N/A	N/A	N/A

Competitive Comparison of Relaxo Footwears's Debt-to-Equity

For the Footwear & Accessories subindustry, Relaxo Footwears'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.

Relaxo Footwears's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Relaxo Footwears Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Relaxo Footwears'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
	=	(358	+	1282.8)	/	18550.5
	=	0.09

Relaxo Footwears'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

Relaxo Footwears (BOM:530517) 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.

Relaxo Footwears Debt-to-Equity Related Terms

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Relaxo Footwears (BOM:530517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Relaxo Footwears Ltd (BOM:530517) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RELAXO:India

Address

Aggarwal City Square, Plot No. 10, Mangalam Palace, District Centre, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.relaxofootwear.com

Relaxo Footwears Ltd manufactures footwear in India that it sells under the brand names Flite, Bahamas, Hawaii, Sparx, Schoolmate, Elena, and Casualz. Roughly half of the company's production is non-leather footwear, including a wide variety of slippers. Relaxo sells its products directly through its company-owned retail stores and online shopping portal, and Relaxo sells its products wholesale to distributors and through export operations. The Company has only one segment Footwear and related products. The vast majority of sales are generated in India, where the company's hundreds of Relaxo Shoppe retail stores are located.

Relaxo Footwears (BOM:530517) Headlines

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