Karnika Industries (NSE:KARNIKA) Debt-to-Equity : 2.90 (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Karnika Industries Debt-to-Equity?

Karnika Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹524 Mil. Karnika Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0 Mil. Karnika Industries's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹181 Mil. Karnika Industries's debt to equity for the quarter that ended in Mar. 2023 was 2.90.

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

NSE:KARNIKA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 2.9 Max: 4.15
Current: 2.9

During the past 3 years, the highest Debt-to-Equity Ratio of Karnika Industries was 4.15. The lowest was 1.20. And the median was 2.90.

NSE:KARNIKA's Debt-to-Equity is ranked worse than
94.34% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs NSE:KARNIKA: 2.90

Karnika Industries Debt-to-Equity Historical Data

The historical data trend for Karnika 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.

Karnika Industries Debt-to-Equity Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

4.15

1.20

2.90

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-Equity	4.15	1.20	2.90

Competitive Comparison of Karnika Industries's Debt-to-Equity

For the Apparel Manufacturing subindustry, Karnika 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.

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

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

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

Karnika Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karnika 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
	=	(524.12	+	0.433)	/	180.683
	=	2.90

Karnika 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
	=	(524.12	+	0.433)	/	180.683
	=	2.90

Karnika Industries (NSE:KARNIKA) 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.

Karnika Industries Debt-to-Equity Related Terms

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

Karnika Industries (NSE:KARNIKA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries (NSE:KARNIKA) Headlines

No Headlines