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Acknit Industries (BOM:530043) Debt-to-Revenue : 0.21 (As of Mar. 2024)


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What is Acknit Industries Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Acknit Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹584 Mil. Acknit Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2 Mil. Acknit Industries's annualized Revenue for the quarter that ended in Mar. 2024 was ₹2,738 Mil. Acknit Industries's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.


Acknit Industries Debt-to-Revenue Historical Data

The historical data trend for Acknit Industries's Debt-to-Revenue 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.

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Acknit Industries Debt-to-Revenue Chart

Acknit Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.28 0.30 0.18 0.27

Acknit Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 - 0.14 - 0.21

Competitive Comparison of Acknit Industries's Debt-to-Revenue

For the Footwear & Accessories subindustry, Acknit Industries's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Acknit Industries's Debt-to-Revenue Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Acknit Industries Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Acknit Industries's Debt-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(583.959 + 1.584) / 2206.573
=0.27

Acknit Industries's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(583.959 + 1.584) / 2737.836
=0.21

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Acknit Industries Debt-to-Revenue Related Terms

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Acknit Industries (BOM:530043) Business Description

Traded in Other Exchanges
N/A
Address
Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091
Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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