Visagar Polytex (BOM:506146) LT-Debt-to-Total-Asset : 0.69 (As of Mar. 2024)

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What is Visagar Polytex 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. Visagar Polytex's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.69.

Visagar Polytex's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.69). It may suggest that Visagar Polytex is progressively becoming more dependent on debt to grow their business.

Visagar Polytex LT-Debt-to-Total-Asset Historical Data

The historical data trend for Visagar Polytex'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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Visagar Polytex LT-Debt-to-Total-Asset Chart

Visagar Polytex Annual Data

Trend

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.21

0.28

0.31

0.69

Visagar Polytex 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															0.31	-	0.34	-	0.69

Visagar Polytex LT-Debt-to-Total-Asset Calculation

Visagar Polytex'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 )
	=	64.956	/	93.651
	=	0.69

Visagar Polytex'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 )
	=	64.956	/	93.651
	=

Visagar Polytex (BOM:506146) 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.

Visagar Polytex LT-Debt-to-Total-Asset Related Terms

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Visagar Polytex (BOM:506146) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Visagar Polytex Ltd (BOM:506146) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

VIVIDHA:India

Address

S.V. Road, 907-908, Dev Plaza, Opposite Andheri Fire Station, Andheri (West), Mumbai, MH, IND, 400058

Website

http://www.visagarpolytex.in

Visagar Polytex Ltd is an India-based textile manufacturing company. It is principally engaged in textile manufacturing, wholesale, retail, and trading business. The company deals with ethnic wear including sarees, lehengas, and suits, interlining goods, and other fabrics. It operates its textiles under the brand name Vividha. The company manufactures and markets its products in India and thus derives entire revenue within the country.

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