Sky Gold (BOM:541967) Debt-to-Equity : 1.27 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Sky Gold Debt-to-Equity?

Sky Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,833 Mil. Sky Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹267 Mil. Sky Gold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹2,441 Mil. Sky Gold's debt to equity for the quarter that ended in Mar. 2024 was 1.27.

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 Sky Gold's Debt-to-Equity or its related term are showing as below:

BOM:541967' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.18 Med: 1.4 Max: 3.84
Current: 1.27

During the past 11 years, the highest Debt-to-Equity Ratio of Sky Gold was 3.84. The lowest was 1.18. And the median was 1.40.

BOM:541967's Debt-to-Equity is ranked worse than
75.15% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs BOM:541967: 1.27

Sky Gold Debt-to-Equity Historical Data

The historical data trend for Sky Gold'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.

Sky Gold Debt-to-Equity Chart

Sky Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

1.23

1.40

1.32

N/A

1.27

Sky Gold Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	N/A	1.69	N/A	1.27

Competitive Comparison of Sky Gold's Debt-to-Equity

For the Luxury Goods subindustry, Sky Gold'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.

Sky Gold's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Sky Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sky Gold'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
	=	(2833.484	+	267.088)	/	2441.171
	=	1.27

Sky Gold'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
	=	(2833.484	+	267.088)	/	2441.171
	=	1.27

Sky Gold (BOM:541967) 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.

Sky Gold Debt-to-Equity Related Terms

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

Sky Gold (BOM:541967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sky Gold Ltd (BOM:541967) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SKYGOLD:India

Address

Kalbadevi Road, 267-271, Kanak Chambers, Office No.12A,13,14, 1st Floor, Opposite Adarsh Hotel, Mumbai, MH, IND, 400 002

Website

https://www.skygold.co.in

Sky Gold Ltd is an India-based company engaged in the business of designing, manufacturing, and marketing gold jewelry. It caters to a large number of wholesalers, showrooms, and retailers who buy the products in bulk quantities. The company's product portfolio includes Finger rings, Earrings, Studs, Chains, Pendants, pendant sets, Double hook pendants, Bracelets, Necklaces, and Bangles among others.

Sky Gold (BOM:541967) Headlines

No Headlines