Gujarat Hy-Spin (BOM:540938) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Gujarat Hy-Spin Debt-to-Equity?

Gujarat Hy-Spin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹97.4 Mil. Gujarat Hy-Spin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Gujarat Hy-Spin's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹190.1 Mil. Gujarat Hy-Spin'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 Gujarat Hy-Spin's Debt-to-Equity or its related term are showing as below:

BOM:540938' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 1.35 Max: 2.41
Current: 0.51

During the past 12 years, the highest Debt-to-Equity Ratio of Gujarat Hy-Spin was 2.41. The lowest was 0.51. And the median was 1.35.

BOM:540938's Debt-to-Equity is ranked worse than
54.48% of 938 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BOM:540938: 0.51

Gujarat Hy-Spin Debt-to-Equity Historical Data

The historical data trend for Gujarat Hy-Spin'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.

Gujarat Hy-Spin Debt-to-Equity Chart

Gujarat Hy-Spin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.21

1.09

0.72

0.60

0.51

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.72	0.63	0.60	0.59	0.51

Competitive Comparison of Gujarat Hy-Spin's Debt-to-Equity

For the Textile Manufacturing subindustry, Gujarat Hy-Spin'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.

Gujarat Hy-Spin's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gujarat Hy-Spin's Debt-to-Equity falls into.

Gujarat Hy-Spin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gujarat Hy-Spin'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
	=	(97.449	+	0)	/	190.147
	=	0.51

Gujarat Hy-Spin'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
	=	(97.449	+	0)	/	190.147
	=	0.51

Gujarat Hy-Spin (BOM:540938) 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.

Gujarat Hy-Spin Debt-to-Equity Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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