Greenpanel Industries (BOM:542857) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Greenpanel Industries 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. Greenpanel Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Greenpanel Industries's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.14). It may suggest that Greenpanel Industries is progressively becoming more dependent on debt to grow their business.

Greenpanel Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Greenpanel Industries'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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Greenpanel Industries LT-Debt-to-Total-Asset Chart

Greenpanel Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.31

0.27

0.12

0.09

0.14

Greenpanel Industries 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															-	0.09	0.08	-	0.14

Greenpanel Industries LT-Debt-to-Total-Asset Calculation

Greenpanel Industries'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 )
	=	2591.898	/	18907.336
	=	0.14

Greenpanel Industries'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 )
	=	2591.898	/	18907.336
	=	0.14

Greenpanel Industries (BOM:542857) 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.

Greenpanel Industries LT-Debt-to-Total-Asset Related Terms

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Greenpanel Industries (BOM:542857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Greenpanel Industries Ltd (BOM:542857) » Definitions » LT-Debt-to-Total-Asset

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GREENPANEL:India

Address

163, S.P. Mukherjee Road, Thapar House, 2nd Floor, Kolkata, WB, IND, 700 026

Website

https://www.greenpanel.com

Greenpanel Industries Ltd is a manufacturer of wood panels. It offers products such as Medium Density Fibre Boards, Plywood, Block Boards, Veneers, Wood Floors, and Doors. The operating segment of the company includes Plywood and allied products and Medium density fibreboards and allied products. The company generates maximum revenue from Medium density fibreboards and allied products segment. Geographically, it derives a majority of its revenue from India.

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