Alps Industries (BOM:530715) Debt-to-Equity : -1.00 (As of Mar. 2024)

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What is Alps Industries Debt-to-Equity?

Alps Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,544.71 Mil. Alps Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,738.58 Mil. Alps Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-8,293.99 Mil. Alps Industries's debt to equity for the quarter that ended in Mar. 2024 was -1.00.

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 Alps Industries's Debt-to-Equity or its related term are showing as below:

BOM:530715' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.72 Med: -1.25 Max: -0.75
Current: -1

During the past 13 years, the highest Debt-to-Equity Ratio of Alps Industries was -0.75. The lowest was -3.72. And the median was -1.25.

BOM:530715's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs BOM:530715: -1.00

Alps Industries Debt-to-Equity Historical Data

The historical data trend for Alps Industries'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.

Alps Industries Debt-to-Equity Chart

Alps Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.05

-0.97

-0.76

-0.75

-1.00

Alps Industries 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															-0.75	N/A	-1.00	N/A	-1.00

Competitive Comparison of Alps Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Alps Industries'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.

Alps Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Alps Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alps Industries'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
	=	(3544.711	+	4738.58)	/	-8293.99
	=	-1.00

Alps Industries'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
	=	(3544.711	+	4738.58)	/	-8293.99
	=	-1.00

Alps Industries (BOM:530715) 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.

Alps Industries Debt-to-Equity Related Terms

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

Alps Industries (BOM:530715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alps Industries Ltd (BOM:530715) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ALPSINDUS:India

Address

Plot No.15-B, G.T. Road, Chaudhary Morh, Ghaziabad, UP, IND, 201001

Website

https://www.alpsindustries.com

Alps Industries Ltd is engaged in the business of textile products. Its product division includes Home furnishing and fashion accessories, Yarns. Its home furnishings and fashion accessories include made-ups, such as duvet sets, bed covers and sheets, quilts, pillows, cushion covers, curtains and table linens, cashmere, sheer and aromatic shawls, scarves, mufflers, stoles, wraps, and other fashion accessories, and fabrics for upholstery, including office furniture and automobile seats. Geographically, the company sells its products in India as well as in international markets.

Alps Industries (BOM:530715) Headlines

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