Kansai Nerolac Paints (BOM:500165) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Kansai Nerolac Paints LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kansai Nerolac Paints's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Kansai Nerolac Paints's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Kansai Nerolac Paints is progressively becoming more dependent on debt to grow their business.

Kansai Nerolac Paints LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kansai Nerolac Paints's LT-Debt-to-Total-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.

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Kansai Nerolac Paints LT-Debt-to-Total-Asset Chart

Kansai Nerolac Paints Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.02

Kansai Nerolac Paints Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.02	-	0.02

Kansai Nerolac Paints LT-Debt-to-Total-Asset Calculation

Kansai Nerolac Paints's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1404.1	/	74097.2
	=	0.02

Kansai Nerolac Paints's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1404.1	/	74097.2
	=	0.02

Kansai Nerolac Paints (BOM:500165) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Kansai Nerolac Paints (BOM:500165) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kansai Nerolac Paints Ltd (BOM:500165) » Definitions » LT-Debt-to-Total-Asset

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KANSAINER:India

Address

N. M. Joshi Marg, 28th Floor, A-Wing, Marathon Futurex, Mafatlal Mills Compound, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.nerolac.com

Kansai Nerolac Paints Ltd (or KNPL) is a paint company headquartered in India. KNPL operates through its paint business to provide a wide range of products and solutions in industrial and decorative coatings. KNPL's decorative coating solutions are used by customers in segments such as adhesives, wood, and construction chemicals. KNPL's industrial coatings include automotive, general industrial, powder, and high performance. The company's industrial coating products and services are applied to vehicles, electrical and agricultural equipment, refrigerators, and railways, among others. KNPL has operations in India, Nepal, Sri Lanka, and Bangladesh, with most of its sales from its activities in India.

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