Shashwat Furnishing Solutions (BOM:543519) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Shashwat Furnishing Solutions Debt-to-Equity?

Shashwat Furnishing Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹7.87 Mil. Shashwat Furnishing Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹7.79 Mil. Shashwat Furnishing Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹32.13 Mil. Shashwat Furnishing Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 Shashwat Furnishing Solutions's Debt-to-Equity or its related term are showing as below:

BOM:543519' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 0.49
Current: 0.49

During the past 4 years, the highest Debt-to-Equity Ratio of Shashwat Furnishing Solutions was 0.49. The lowest was 0.01. And the median was 0.29.

BOM:543519's Debt-to-Equity is ranked worse than
61.58% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs BOM:543519: 0.49

Shashwat Furnishing Solutions Debt-to-Equity Historical Data

The historical data trend for Shashwat Furnishing Solutions'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.

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Shashwat Furnishing Solutions Debt-to-Equity Chart

Shashwat Furnishing Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.01

0.29

0.49

Shashwat Furnishing Solutions Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.01	-	0.29	0.39	0.49

Competitive Comparison of Shashwat Furnishing Solutions's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Shashwat Furnishing Solutions'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.

Shashwat Furnishing Solutions's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Shashwat Furnishing Solutions's Debt-to-Equity falls into.

Shashwat Furnishing Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shashwat Furnishing Solutions'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
	=	(7.874	+	7.787)	/	32.134
	=	0.49

Shashwat Furnishing Solutions'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
	=	(7.874	+	7.787)	/	32.134
	=	0.49

Shashwat Furnishing Solutions (BOM:543519) 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.

Shashwat Furnishing Solutions Debt-to-Equity Related Terms

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Shashwat Furnishing Solutions (BOM:543519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shashwat Furnishing Solutions Ltd (BOM:543519) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

121, Mahaveer Nagar, Guro Ka Talab,, Jain Colony, Jodhpur, RJ, IND, 342001

Website

https://www.handicraftsvillage.com

Shashwat Furnishing Solutions Ltd is an Indian handicrafts manufacturer and supplier. It is engaged in the processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration and handicrafts objects.

Shashwat Furnishing Solutions (BOM:543519) Headlines

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