Bhagwati Autocast (BOM:504646) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Bhagwati Autocast 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. Bhagwati Autocast's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Bhagwati Autocast's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.09). It may suggest that Bhagwati Autocast is progressively becoming less dependent on debt to grow their business.

Bhagwati Autocast LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bhagwati Autocast'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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Bhagwati Autocast LT-Debt-to-Total-Asset Chart

Bhagwati Autocast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

0.17

0.12

0.09

Bhagwati Autocast 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															0.12	-	0.10	-	0.09

Bhagwati Autocast LT-Debt-to-Total-Asset Calculation

Bhagwati Autocast'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 )
	=	60	/	695.101
	=	0.09

Bhagwati Autocast'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 )
	=	60	/	695.101
	=	0.09

Bhagwati Autocast (BOM:504646) 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.

Bhagwati Autocast LT-Debt-to-Total-Asset Related Terms

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Bhagwati Autocast (BOM:504646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bhagwati Autocast Ltd (BOM:504646) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No. 816, Village Rajoda, Near Bavla District, Ahmedabad, GJ, IND, 382220

Website

http://www.bhagwati.com

Bhagwati Autocast Ltd is an Indian company that manufactures iron castings. The products of the company are used in the industries of automotive, air and gas compressor, refrigeration, hydraulic, tractor, wind generation/generator, plastic injection moulding machine, and light and heavy commercial vehicle. It derives revenue from the sales of CI castings, SGI castings and Patterns. The company generates all of its revenue from India Itself.

Bhagwati Autocast (BOM:504646) Headlines

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