Laxmi Goldorna House (NSE:LGHL) Debt-to-Equity : 1.00 (As of Mar. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Laxmi Goldorna House Debt-to-Equity?

Laxmi Goldorna House's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹272.9 Mil. Laxmi Goldorna House's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹44.4 Mil. Laxmi Goldorna House's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹318.5 Mil. Laxmi Goldorna House's debt to equity for the quarter that ended in Mar. 2023 was 1.00.

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 Laxmi Goldorna House's Debt-to-Equity or its related term are showing as below:

NSE:LGHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.96 Max: 1.22
Current: 1

During the past 7 years, the highest Debt-to-Equity Ratio of Laxmi Goldorna House was 1.22. The lowest was 0.46. And the median was 0.96.

NSE:LGHL's Debt-to-Equity is ranked worse than
68.16% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs NSE:LGHL: 1.00

Laxmi Goldorna House Debt-to-Equity Historical Data

The historical data trend for Laxmi Goldorna House'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.

Laxmi Goldorna House Debt-to-Equity Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.72

0.96

0.46

1.09

1.00

Laxmi Goldorna House Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial			0.72	0.96	0.46	1.09	1.00

Competitive Comparison of Laxmi Goldorna House's Debt-to-Equity

For the Luxury Goods subindustry, Laxmi Goldorna House'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.

Laxmi Goldorna House's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Laxmi Goldorna House's Debt-to-Equity falls into.

Laxmi Goldorna House Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Laxmi Goldorna House'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
	=	(272.883	+	44.411)	/	318.507
	=	1.00

Laxmi Goldorna House'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
	=	(272.883	+	44.411)	/	318.507
	=	1.00

Laxmi Goldorna House (NSE:LGHL) 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.

Laxmi Goldorna House Debt-to-Equity Related Terms

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

Laxmi Goldorna House (NSE:LGHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.