Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Debt-to-Equity : 1.10 (As of Mar. 2023)

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What is Jiwanram Sheoduttrai Industries Debt-to-Equity?

Jiwanram Sheoduttrai Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹173.9 Mil. Jiwanram Sheoduttrai Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹352.2 Mil. Jiwanram Sheoduttrai Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹480.2 Mil. Jiwanram Sheoduttrai Industries's debt to equity for the quarter that ended in Mar. 2023 was 1.10.

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 Jiwanram Sheoduttrai Industries's Debt-to-Equity or its related term are showing as below:

NSE:JIWANRAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.1 Med: 1.14 Max: 1.19
Current: 1.1

During the past 3 years, the highest Debt-to-Equity Ratio of Jiwanram Sheoduttrai Industries was 1.19. The lowest was 1.10. And the median was 1.14.

NSE:JIWANRAM's Debt-to-Equity is ranked worse than
77.47% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs NSE:JIWANRAM: 1.10

Jiwanram Sheoduttrai Industries Debt-to-Equity Historical Data

The historical data trend for Jiwanram Sheoduttrai Industries'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.

Jiwanram Sheoduttrai Industries Debt-to-Equity Chart

Jiwanram Sheoduttrai Industries Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

1.14

1.19

1.10

Jiwanram Sheoduttrai Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	1.14	1.19	1.10

Competitive Comparison of Jiwanram Sheoduttrai Industries's Debt-to-Equity

For the Footwear & Accessories subindustry, Jiwanram Sheoduttrai Industries'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.

Jiwanram Sheoduttrai Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Jiwanram Sheoduttrai Industries's Debt-to-Equity falls into.

Jiwanram Sheoduttrai Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiwanram Sheoduttrai Industries'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
	=	(173.915	+	352.234)	/	480.236
	=	1.10

Jiwanram Sheoduttrai Industries's Debt to Equity Ratio for the quarter 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
	=	(173.915	+	352.234)	/	480.236
	=	1.10

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) 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.

Jiwanram Sheoduttrai Industries Debt-to-Equity Related Terms

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Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiwanram Sheoduttrai Industries Ltd (NSE:JIWANRAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shilpangan, LB 1, Module 301 & 302, Phase -1, Sector III, Kolkata, WB, IND, 700098

Website

https://www.jiwanramgroup.com

Jiwanram Sheoduttrai Industries Ltd is engaged in the manufacturing and export of Industrial Safety Gloves and Garments which provides customized solutions in the field of Industrial Safety. Its Products are well-accepted for their quality which covers all its manufacturing range of Gloves, Industrial Garments and other protective PPEs and solution baskets for Industrial Safety. It is majorly engaged in the business of manufacturing and exporting for various brands.

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Headlines

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