Manaksia Aluminium Co (BOM:539045) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Manaksia Aluminium Co 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. Manaksia Aluminium Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Manaksia Aluminium Co's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.08). It may suggest that Manaksia Aluminium Co is progressively becoming more dependent on debt to grow their business.

Manaksia Aluminium Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Manaksia Aluminium Co'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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Manaksia Aluminium Co LT-Debt-to-Total-Asset Chart

Manaksia Aluminium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.08

0.09

0.11

0.08

Manaksia Aluminium Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.11	0.09	-	0.08

Manaksia Aluminium Co LT-Debt-to-Total-Asset Calculation

Manaksia Aluminium Co'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 )
	=	324.728	/	4175.475
	=	0.08

Manaksia Aluminium Co'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 )
	=	324.728	/	4175.475
	=	0.08

Manaksia Aluminium Co (BOM:539045) 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.

Manaksia Aluminium Co LT-Debt-to-Total-Asset Related Terms

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Manaksia Aluminium Co (BOM:539045) Business Description

Industry

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MANAKALUCO:India

Address

8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata, WB, IND, 700 001

Website

https://www.manaksiaaluminium.com

Manaksia Aluminium Co Ltd is an Indian company engaged in manufacturing Aluminium rolled products and Aluminium alloy ingots. The products offered by the firm are Aluminium Coils, Aluminium Plain Sheets, Aluminium Roofing Sheets, Aluminium Color Coated Coils, Aluminium Flooring Sheets and Embossed Coils. The company has operations in India as well as overseas. It generates a vast majority of the revenue from the sale of products in the overseas market.

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