AB Cotspin India (NSE:ABCOTS) Debt-to-Equity : 2.05 (As of Sep. 2023)

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What is AB Cotspin India Debt-to-Equity?

AB Cotspin India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹404 Mil. AB Cotspin India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹521 Mil. AB Cotspin India's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹451 Mil. AB Cotspin India's debt to equity for the quarter that ended in Sep. 2023 was 2.05.

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 AB Cotspin India's Debt-to-Equity or its related term are showing as below:

NSE:ABCOTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.68 Max: 2.32
Current: 2.05

During the past 5 years, the highest Debt-to-Equity Ratio of AB Cotspin India was 2.32. The lowest was 0.80. And the median was 1.68.

NSE:ABCOTS's Debt-to-Equity is ranked worse than
91% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:ABCOTS: 2.05

AB Cotspin India Debt-to-Equity Historical Data

The historical data trend for AB Cotspin India'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.

AB Cotspin India Debt-to-Equity Chart

AB Cotspin India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.00

1.62

1.68

0.80

2.32

AB Cotspin India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.80	1.50	2.32	2.05

Competitive Comparison of AB Cotspin India's Debt-to-Equity

For the Textile Manufacturing subindustry, AB Cotspin India'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.

AB Cotspin India's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AB Cotspin India's Debt-to-Equity falls into.

AB Cotspin India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AB Cotspin India'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
	=	(459.613	+	529.476)	/	425.784
	=	2.32

AB Cotspin India'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
	=	(403.85	+	520.772)	/	451.084
	=	2.05

AB Cotspin India (NSE:ABCOTS) 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.

AB Cotspin India Debt-to-Equity Related Terms

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AB Cotspin India (NSE:ABCOTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AB Cotspin India Ltd (NSE:ABCOTS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001

Website

https://www.abcotspin.com

AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

AB Cotspin India (NSE:ABCOTS) Headlines

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