Thangamayil Jewellery (BOM:533158) Debt-to-Equity : 1.08 (As of Mar. 2024)

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What is Thangamayil Jewellery Debt-to-Equity?

Thangamayil Jewellery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,941 Mil. Thangamayil Jewellery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,378 Mil. Thangamayil Jewellery's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,932 Mil. Thangamayil Jewellery's debt to equity for the quarter that ended in Mar. 2024 was 1.08.

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 Thangamayil Jewellery's Debt-to-Equity or its related term are showing as below:

BOM:533158' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.13 Max: 1.5
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Thangamayil Jewellery was 1.50. The lowest was 0.80. And the median was 1.13.

BOM:533158's Debt-to-Equity is ranked worse than
70.5% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs BOM:533158: 1.08

Thangamayil Jewellery Debt-to-Equity Historical Data

The historical data trend for Thangamayil Jewellery'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.

Thangamayil Jewellery Debt-to-Equity Chart

Thangamayil Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.18

1.09

1.32

1.50

1.08

Thangamayil Jewellery 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															1.50	N/A	1.18	N/A	1.08

Competitive Comparison of Thangamayil Jewellery's Debt-to-Equity

For the Luxury Goods subindustry, Thangamayil Jewellery'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.

Thangamayil Jewellery's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Thangamayil Jewellery's Debt-to-Equity distribution charts can be found below:

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

Thangamayil Jewellery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thangamayil Jewellery'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
	=	(3941.3	+	1377.9)	/	4931.8
	=	1.08

Thangamayil Jewellery'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
	=	(3941.3	+	1377.9)	/	4931.8
	=	1.08

Thangamayil Jewellery (BOM:533158) 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.

Thangamayil Jewellery Debt-to-Equity Related Terms

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Thangamayil Jewellery (BOM:533158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Thangamayil Jewellery Ltd (BOM:533158) » Definitions » Debt-to-Equity

Traded in Other Exchanges

THANGAMAYL:India

Address

New Natham Main Road, No. 25/6, Palamicenter, 2nd and 3rd Floor, Nera Ramakrishna Mutt, Narayanapuram, Madurai, TN, IND, 625014

Website

https://www.thangamayil.com

Thangamayil Jewellery Ltd is in the Jewellery business. The company is engaged in gold, diamond, silver, and other precious metals. It operates a retail jewelry store across several districts in the Indian state of Tamil Nadu. Its jewelry products include Bangles, Bracelets, Rings, Coins, Articles, Dinner sets, Earrings, Pendants, Necklace, Anklets and Chains. Additionally, it also offers various savings schemes to its customers to invest in gold jewelry for the long run.

Thangamayil Jewellery (BOM:533158) Headlines

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