Omfurn India (NSE:OMFURN) Debt-to-Equity : 0.66 (As of Sep. 2023)

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What is Omfurn India Debt-to-Equity?

Omfurn India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹174.7 Mil. Omfurn India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹14.3 Mil. Omfurn India's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹286.4 Mil. Omfurn India's debt to equity for the quarter that ended in Sep. 2023 was 0.66.

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

NSE:OMFURN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.63 Max: 0.77
Current: 0.66

During the past 11 years, the highest Debt-to-Equity Ratio of Omfurn India was 0.77. The lowest was 0.44. And the median was 0.63.

NSE:OMFURN's Debt-to-Equity is ranked worse than
72.89% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs NSE:OMFURN: 0.66

Omfurn India Debt-to-Equity Historical Data

The historical data trend for Omfurn 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.

Omfurn India Debt-to-Equity Chart

Omfurn India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.77

0.57

0.76

0.73

0.46

Omfurn India Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial													0.69	0.73	N/A	0.46	0.66

Competitive Comparison of Omfurn India's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Omfurn 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.

Omfurn India's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

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

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

Omfurn India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omfurn 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
	=	(73.22	+	44.65)	/	257.128
	=	0.46

Omfurn 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
	=	(174.746	+	14.295)	/	286.426
	=	0.66

Omfurn India (NSE:OMFURN) 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.

Omfurn India Debt-to-Equity Related Terms

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

Omfurn India (NSE:OMFURN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Omfurn India Ltd (NSE:OMFURN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Akurli Road, 109, Gundecha Industrial Complex, Kandivali (East), Mumbai, MH, IND, 400 101

Website

https://www.omfurnindia.com

Omfurn India Ltd is engaged in the business of manufacturing and supplying of furniture's like Executive office furniture, International school furniture, Modular office furniture, Bedroom Furniture, wooden door and frame and many more in terms of customized, system-based or Turnkey projects throughout India. The company's only operating segment being Manufacturing and supply of furniture items.

Omfurn India (NSE:OMFURN) Headlines

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