Sonam (NSE:SONAMLTD) Debt-to-Equity : 0.49 (As of Mar. 2023)

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What is Sonam Debt-to-Equity?

Sonam's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹196.7 Mil. Sonam's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹61.0 Mil. Sonam's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹522.5 Mil. Sonam's debt to equity for the quarter that ended in Mar. 2023 was 0.49.

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

NSE:SONAMLTD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 1.13 Max: 3.21
Current: 0.49

During the past 11 years, the highest Debt-to-Equity Ratio of Sonam was 3.21. The lowest was 0.49. And the median was 1.13.

NSE:SONAMLTD's Debt-to-Equity is ranked worse than
61.84% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.325 vs NSE:SONAMLTD: 0.49

Sonam Debt-to-Equity Historical Data

The historical data trend for Sonam'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.

Sonam Debt-to-Equity Chart

Sonam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.56

0.86

0.66

0.62

0.49

Sonam Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial						0.56	0.86	0.66	0.62	0.49

Competitive Comparison of Sonam's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Sonam'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.

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

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

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

Sonam Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sonam'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
	=	(196.699	+	60.97)	/	522.503
	=	0.49

Sonam'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
	=	(196.699	+	60.97)	/	522.503
	=	0.49

Sonam (NSE:SONAMLTD) 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.

Sonam Debt-to-Equity Related Terms

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

Sonam (NSE:SONAMLTD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Morbi Rajkot Highway, Survey No. 337/p, District Morbi, Village Lajai, Taluka Tankara, Rajkot, GJ, IND, 363 641

Website

https://www.sonamquartz.com

Sonam Ltd Formerly Sonam Clock Ltd operates in the clock manufacturing industry. The company is engaged in the Manufacturing and Sale of Horological items, Clocks, Clock Movements, and related items. Geographically, it operates only in India. Some of its product includes alarm time piece clock, classy dial clock, designer clock, divine tune clock, lcd clock, led digital clock, light sensor clock and others. Its products are sold under the brand name of Sonam, ampm, and Lotus.

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