Hindustan Tin Works (BOM:530315) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Hindustan Tin Works 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. Hindustan Tin Works's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Hindustan Tin Works's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.10). It may suggest that Hindustan Tin Works is progressively becoming more dependent on debt to grow their business.

Hindustan Tin Works LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hindustan Tin Works'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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Hindustan Tin Works LT-Debt-to-Total-Asset Chart

Hindustan Tin Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.06

0.09

0.10

Hindustan Tin Works 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															0.09	-	0.09	-	0.10

Hindustan Tin Works LT-Debt-to-Total-Asset Calculation

Hindustan Tin Works'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 )
	=	307.671	/	3161.303
	=	0.10

Hindustan Tin Works'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 )
	=	307.671	/	3161.303
	=	0.10

Hindustan Tin Works (BOM:530315) 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.

Hindustan Tin Works LT-Debt-to-Total-Asset Related Terms

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Hindustan Tin Works (BOM:530315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hindustan Tin Works Ltd (BOM:530315) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

426, DLF Tower - A, Jasola, New Delhi, IND, 110025

Website

https://www.hindustantin.biz

Hindustan Tin Works Ltd is an Indian-based company that operates in the packaging and containers divisions. The business activity of the group is operated through the Manufacturing and Trading segments. The Manufacturing segment involves the manufacture of metal containers, components, printed and lacquered sheets. The Trading segment includes the purchase and sale of tin plates and easy-open ends. Geographically all the activities function from India. The company generates maximum revenue from the Manufacturing segment.

Hindustan Tin Works (BOM:530315) Headlines

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