Sheela Foam (BOM:540203) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Sheela Foam Debt-to-Equity?

Sheela Foam's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,743 Mil. Sheela Foam's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹11,188 Mil. Sheela Foam's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹29,202 Mil. Sheela Foam's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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 Sheela Foam's Debt-to-Equity or its related term are showing as below:

BOM:540203' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.34 Max: 0.51
Current: 0.51

During the past 9 years, the highest Debt-to-Equity Ratio of Sheela Foam was 0.51. The lowest was 0.04. And the median was 0.34.

BOM:540203's Debt-to-Equity is ranked worse than
63.42% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs BOM:540203: 0.51

Sheela Foam Debt-to-Equity Historical Data

The historical data trend for Sheela Foam'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.

Sheela Foam Debt-to-Equity Chart

Sheela Foam Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.34

0.28

0.34

0.36

0.51

Sheela Foam 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															0.36	N/A	0.20	N/A	0.51

Competitive Comparison of Sheela Foam's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Sheela Foam'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.

Sheela Foam's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sheela Foam's Debt-to-Equity distribution charts can be found below:

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

Sheela Foam Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sheela Foam'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
	=	(3742.9	+	11188.2)	/	29201.9
	=	0.51

Sheela Foam'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
	=	(3742.9	+	11188.2)	/	29201.9
	=	0.51

Sheela Foam (BOM:540203) 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.

Sheela Foam Debt-to-Equity Related Terms

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

Sheela Foam (BOM:540203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sheela Foam Ltd (BOM:540203) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SFL:India

Address

No. 14, Sector 135, Sleepwell Tower, Noida, UP, IND, 201301

Website

https://www.mysleepwell.com

Sheela Foam Ltd is a manufacturer of mattresses and other foam-based home comfort products. Its Home comfort line of product portfolio includes Mattresses, Pillows, Mattress protectors, Bolsters, Back cushions, Sofa-cum beds, Bedsheets, and Baby care sheets. It also offers a Technical range of products such as Laminated foam, Reticulated foam, UV stable foam, Sound absorption foam, and Anti-static foam. It caters products to different industries such as bedding, furniture, automotive, shoes, lingerie, electronic, acoustic enclosures, and garments. Geographically, the organization sells its products in India and also exports them to other countries. It derives a majority of the revenue from the sales of the Home comfort line of products. The company's flagship brand is Sleepwell.

Sheela Foam (BOM:540203) Headlines

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