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Shekhawati Poly-Yarn (BOM:533301) Equity-to-Asset : 0.17 (As of Mar. 2024)


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What is Shekhawati Poly-Yarn Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shekhawati Poly-Yarn's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹72.7 Mil. Shekhawati Poly-Yarn's Total Assets for the quarter that ended in Mar. 2024 was ₹441.1 Mil. Therefore, Shekhawati Poly-Yarn's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.17.

The historical rank and industry rank for Shekhawati Poly-Yarn's Equity-to-Asset or its related term are showing as below:

BOM:533301' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.36   Med: -0.45   Max: 0.37
Current: 0.17

During the past 13 years, the highest Equity to Asset Ratio of Shekhawati Poly-Yarn was 0.37. The lowest was -1.36. And the median was -0.45.

BOM:533301's Equity-to-Asset is ranked worse than
88.8% of 1080 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs BOM:533301: 0.17

Shekhawati Poly-Yarn Equity-to-Asset Historical Data

The historical data trend for Shekhawati Poly-Yarn's Equity-to-Asset 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.

Shekhawati Poly-Yarn Equity-to-Asset Chart

Shekhawati Poly-Yarn Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -0.95 -0.86 -1.36 0.17

Shekhawati Poly-Yarn Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset 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 -1.36 - -1.35 - 0.17

Competitive Comparison of Shekhawati Poly-Yarn's Equity-to-Asset

For the Textile Manufacturing subindustry, Shekhawati Poly-Yarn's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Shekhawati Poly-Yarn's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shekhawati Poly-Yarn's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shekhawati Poly-Yarn's Equity-to-Asset falls into.



Shekhawati Poly-Yarn Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Shekhawati Poly-Yarn's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )=Total Stockholders Equity/Total Assets
=72.727/441.125
=0.16

Shekhawati Poly-Yarn's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=72.727/441.125
=0.16

* 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.


Shekhawati Poly-Yarn  (BOM:533301) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Shekhawati Poly-Yarn Equity-to-Asset Related Terms

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Shekhawati Poly-Yarn (BOM:533301) Business Description

Traded in Other Exchanges
Address
Off. Western Express Highway, Express Zone, 'A' Wing, Unit No. 1102/1103, Patel Vatika, Malad (East), Mumbai, MH, IND, 400 097
Shekhawati Poly-Yarn Ltd is engaged in the business of manufacturing of texturizing yarn, twisting yarn and knitted fabrics. The Company operates through the textile business segment. The firm engages in the manufacture of polyester texturized yarn and fancy yarn used for suiting, shirting, dress materials, sarees, hosiery, knitted fabric, zipper fastener, curtain, industrial cloth, and upholstery. The company caters to both domestic and international markets.

Shekhawati Poly-Yarn (BOM:533301) Headlines

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