Maximum of debt is inform of lease liabilities plus another company named Bazaar style same business model same market has a higher debt to equity due to more number of stores the reason for such high debt is due to including lease liabilities into debt.
Posts in category All News
V2 Retail – Second innings playing out well (09-11-2024)
The company has 630 crore of debt with debt/equity of 2.19. I am trying to understand the management’s response:
The debt that we have on our books is essentially for bill discounting. So, our vendors have a facility where they can take payments and they can discount their bills whenever they want. So, we have a CC limit from the bank, and we use it because we want to be one of the best paymasters in the industry.
Is it a standard practice in the industry? A company taking debt and paying an annual interest to keep their vendors happy? I am sure it affects the financial ratios of the company. Can someone explain how is it working.
Busy making ‘one’ Adani safe: Rahul Gandhi attacks PM Modi after railway worker crushed to death in train mishap (09-11-2024)
Rahul Gandhi, Leader of the Opposition, criticized Prime Minister Narendra Modi following the death of a railway employee in a shunting accident at Barauni Junction station. Gandhi attributed the fatality to negligence and inadequate staffing within the Indian Railways. The victim’s family protested, demanding accountability from railway authorities. A high-level inquiry has been initiated to investigate the incident.
Vivian Tu, the ‘Wall Street Girly,’ Wants to Make Wealth More Accessible (09-11-2024)
Vivian Tu is one of a new wave of female influencers who are using TikTok and Instagram to spread the message of personal finance to millennials and Generation Z.
Tips Industries Limited – Ready to RACE ahead! (09-11-2024)
The problem with selling sich a stock in this kind of market is that everything is overvalued. So it means choosing cash. I would value it at 60 p/e. So there is 20% downside risk that I see.
Antony Waste – Long Term (09-11-2024)
Weak quarter. Earnings call will be interesting.
Snips from auditor review
‘Pictures of Himachal CM not to be released to media without permission’ (09-11-2024)
The Himachal Pradesh government has issued a directive prohibiting the release of Chief Minister Sukhvinder Singh Sukhu’s photographs without prior authorization from the Information and Public Relations Director. This action comes in response to concerns over the unauthorized dissemination of images, some of which allegedly depict inappropriate gestures that could potentially tarnish the Chief Minister’s public image.
BJP creates division in society: Tejashwi Yadav (09-11-2024)
RJD leader Tejashwi Yadav, campaigning in Jharkhand, accused the BJP of inciting religious divisions. He urged voters to support INDIA bloc candidates to re-elect Hemant Soren’s government, highlighting its achievements such as the ‘Maiya Samman Yojana’, electricity subsidies, and farm loan waivers.