Mohite Industries (BOM:532140) Debt-to-Equity : 1.21 (As of Mar. 2024)

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What is Mohite Industries Debt-to-Equity?

Mohite Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹308 Mil. Mohite Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,030 Mil. Mohite Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,109 Mil. Mohite Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.21.

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

BOM:532140' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 0.96 Max: 1.21
Current: 1.21

During the past 13 years, the highest Debt-to-Equity Ratio of Mohite Industries was 1.21. The lowest was 0.81. And the median was 0.96.

BOM:532140's Debt-to-Equity is ranked worse than
80.58% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:532140: 1.21

Mohite Industries Debt-to-Equity Historical Data

The historical data trend for Mohite 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.

Mohite Industries Debt-to-Equity Chart

Mohite Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.05

1.04

0.90

0.96

1.21

Mohite 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															0.96	N/A	1.24	N/A	1.21

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

For the Textile Manufacturing subindustry, Mohite 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.

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

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

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

Mohite Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mohite 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
	=	(307.583	+	1029.799)	/	1109.392
	=	1.21

Mohite 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
	=	(307.583	+	1029.799)	/	1109.392
	=	1.21

Mohite Industries (BOM:532140) 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.

Mohite Industries Debt-to-Equity Related Terms

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

Mohite Industries (BOM:532140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mohite Industries Ltd (BOM:532140) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Parvati-Kunj, 250/B, Plot No. 1A, Nagala Park, Near Nagoba Mandir, Kolhapur, MH, IND, 416003

Website

https://www.mohite.com

Mohite Industries Ltd is engaged in manufacturing cotton yarn. The company has ventured into the manufacturing of gray knitted fabrics by installing various types of knitting machines. In addition, it is also involved in the business activity of generating hydroelectric power. The group generates a majority of revenue from textile manufacturing activity.

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