Ashish Polyplast (BOM:530429) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Ashish Polyplast 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. Ashish Polyplast's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Ashish Polyplast's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Ashish Polyplast is progressively becoming less dependent on debt to grow their business.

Ashish Polyplast LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashish Polyplast'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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Ashish Polyplast LT-Debt-to-Total-Asset Chart

Ashish Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.03

Ashish Polyplast 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															0.04	-	0.03	-	0.03

Ashish Polyplast LT-Debt-to-Total-Asset Calculation

Ashish Polyplast'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 )
	=	2.312	/	82.172
	=	0.03

Ashish Polyplast'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 )
	=	2.312	/	82.172
	=	0.03

Ashish Polyplast (BOM:530429) 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.

Ashish Polyplast LT-Debt-to-Total-Asset Related Terms

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Ashish Polyplast (BOM:530429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashish Polyplast Ltd (BOM:530429) » Definitions » LT-Debt-to-Total-Asset

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Address

501, Fortune Business Hub, Near Satyomev Elysium, Near Science City, Sola, Ahmedabad, GJ, IND, 380060

Website

http://www.ashishpolyplast.com

Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polymerization of vinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The company's product portfolio includes Realon Air & Pneumatic Hose - Transparent, Realon Welding Hose - Red & Blue, Realon Water Hose, Realon Car Washing Hose, and Realon Rock Drilling Hose - Transparent.

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