Deepak Fertilisers & Petrochemicals (BOM:500645) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Deepak Fertilisers & Petrochemicals 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. Deepak Fertilisers & Petrochemicals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Deepak Fertilisers & Petrochemicals's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.27). It may suggest that Deepak Fertilisers & Petrochemicals is progressively becoming less dependent on debt to grow their business.

Deepak Fertilisers & Petrochemicals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Deepak Fertilisers & Petrochemicals'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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Deepak Fertilisers & Petrochemicals LT-Debt-to-Total-Asset Chart

Deepak Fertilisers & Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.31

0.32

0.27

0.29

0.27

Deepak Fertilisers & Petrochemicals 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															0.29	-	0.25	-	0.27

Deepak Fertilisers & Petrochemicals LT-Debt-to-Total-Asset Calculation

Deepak Fertilisers & Petrochemicals'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 )
	=	31375.1	/	118302.9
	=	0.27

Deepak Fertilisers & Petrochemicals'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 )
	=	31375.1	/	118302.9
	=	0.27

Deepak Fertilisers & Petrochemicals (BOM:500645) 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.

Deepak Fertilisers & Petrochemicals LT-Debt-to-Total-Asset Related Terms

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Deepak Fertilisers & Petrochemicals (BOM:500645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Fertilisers & Petrochemicals Corp Ltd (BOM:500645) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

DEEPAKFERT:India

Address

Sai Hira, Survey Number 93, Mundhwa, Pune, MH, IND, 411036

Website

https://www.dfpcl.com

Deepak Fertilisers & Petrochemicals Corp Ltd carries on business in fertilizers, agri-services, bulk chemicals, mining chemicals, and value-added real estate. The segments of the company are Chemicals, Fertilizers, Realty, and others. The chemical products generate maximum revenue for the company which includes Ammonia, Methanol, and others. The group caters mainly to the needs of Indian markets.

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