Gujarat Hy-Spin (BOM:540938) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Gujarat Hy-Spin 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. Gujarat Hy-Spin's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Gujarat Hy-Spin's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Gujarat Hy-Spin is progressively becoming less dependent on debt to grow their business.

Gujarat Hy-Spin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gujarat Hy-Spin'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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Gujarat Hy-Spin LT-Debt-to-Total-Asset Chart

Gujarat Hy-Spin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.12

0.04

0.01

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.04	0.04	0.01	0.01	-

Gujarat Hy-Spin LT-Debt-to-Total-Asset Calculation

Gujarat Hy-Spin'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 )
	=	0	/	356.263
	=	0.00

Gujarat Hy-Spin'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 )
	=	0	/	356.263
	=	0.00

Gujarat Hy-Spin (BOM:540938) 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.

Gujarat Hy-Spin LT-Debt-to-Total-Asset Related Terms

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Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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