Garment Mantra Lifestlye (BOM:539216) Debt-to-Equity : 1.05 (As of Sep. 2023)

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What is Garment Mantra Lifestlye Debt-to-Equity?

Garment Mantra Lifestlye's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹335 Mil. Garment Mantra Lifestlye's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹37 Mil. Garment Mantra Lifestlye's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹352 Mil. Garment Mantra Lifestlye's debt to equity for the quarter that ended in Sep. 2023 was 1.05.

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 Garment Mantra Lifestlye's Debt-to-Equity or its related term are showing as below:

BOM:539216' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.86 Max: 4.03
Current: 1.05

During the past 9 years, the highest Debt-to-Equity Ratio of Garment Mantra Lifestlye was 4.03. The lowest was 0.69. And the median was 1.86.

BOM:539216's Debt-to-Equity is ranked worse than
75.64% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:539216: 1.05

Garment Mantra Lifestlye Debt-to-Equity Historical Data

The historical data trend for Garment Mantra Lifestlye'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.

Garment Mantra Lifestlye Debt-to-Equity Chart

Garment Mantra Lifestlye Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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4.03

1.98

1.25

1.27

1.18

Garment Mantra Lifestlye Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.17	N/A	1.18	N/A	1.05

Competitive Comparison of Garment Mantra Lifestlye's Debt-to-Equity

For the Apparel Manufacturing subindustry, Garment Mantra Lifestlye'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.

Garment Mantra Lifestlye's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garment Mantra Lifestlye's Debt-to-Equity falls into.

Garment Mantra Lifestlye Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garment Mantra Lifestlye'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
	=	(360.52	+	48.828)	/	345.855
	=	1.18

Garment Mantra Lifestlye's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(334.668	+	36.847)	/	352.358
	=	1.05

Garment Mantra Lifestlye (BOM:539216) 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.

Garment Mantra Lifestlye Debt-to-Equity Related Terms

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Garment Mantra Lifestlye (BOM:539216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garment Mantra Lifestlye Ltd (BOM:539216) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601

Website

https://www.junctionfabrics.in

Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-Shirts, Round Neck T-Shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girls Sleepwear, and others.

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