Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Cheslind
D/E
=
Total Debt
Total Equity
=
3.60 times
High Debt to Equity ratio typically indicates that a firm has been barrowing aggressive to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging barrowing against the capital invested by the owners.
According to company disclosure Cheslind Textiles Ltd has Debt to Equity of 3.6 times. This is 380.0% higher than that of Industrial Goods sector, and 197.52% higher than that of Textile Industrial industry, The Debt to Equity for all stocks is 778.05% lower than the firm.
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Debt to Equity Comparison
Cheslind is currently under evaluation in debt to equity category among related companies.
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