HCP Plastene Bulkpack (BOM:526717) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is HCP Plastene Bulkpack 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. HCP Plastene Bulkpack's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

HCP Plastene Bulkpack's long-term debt to total assets ratio declined from Mar. 2023 (0.41) to Mar. 2024 (0.20). It may suggest that HCP Plastene Bulkpack is progressively becoming less dependent on debt to grow their business.

HCP Plastene Bulkpack LT-Debt-to-Total-Asset Historical Data

The historical data trend for HCP Plastene Bulkpack'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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HCP Plastene Bulkpack LT-Debt-to-Total-Asset Chart

HCP Plastene Bulkpack Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.53

0.51

0.41

0.20

HCP Plastene Bulkpack 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															0.41	-	0.35	-	0.20

HCP Plastene Bulkpack LT-Debt-to-Total-Asset Calculation

HCP Plastene Bulkpack'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 )
	=	475.875	/	2327.195
	=	0.20

HCP Plastene Bulkpack'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 )
	=	475.875	/	2327.195
	=	0.20

HCP Plastene Bulkpack (BOM:526717) 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.

HCP Plastene Bulkpack LT-Debt-to-Total-Asset Related Terms

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HCP Plastene Bulkpack (BOM:526717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » HCP Plastene Bulkpack Ltd (BOM:526717) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

13, Nav Bharat society, H.B.Jirawala House, Usmanpura, Ahmedabad, GJ, IND, 380013

Website

http://www.gopalapolyplast.com

HCP Plastene Bulkpack Ltd, formerly Gopala Polyplast Ltd manufactures and sells woven sacks and labels primarily in India. The company provides high-density polyethylene woven bags & sacks and textile woven labels. The firm operates its business through two segments: Woven Sacks and Woven Label. The Woven Sacks segment which accounts for a majority of the firm's revenue offers package solutions to the manufacturing and cement industries. Its products include Bopp Laminated PP Woven Bags, Woven Fabric / Label / Laces, PP Woven Sacks, and AD*STAR bags which are used for cement packaging. Geographically all the activities function through the region of India.

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