Gopal Snacks (BOM:544140) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Gopal Snacks 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. Gopal Snacks's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Gopal Snacks's long-term debt to total assets ratio declined from Mar. 2021 (0.23) to Sep. 2023 (0.02). It may suggest that Gopal Snacks is progressively becoming less dependent on debt to grow their business.

Gopal Snacks LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gopal Snacks'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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Gopal Snacks LT-Debt-to-Total-Asset Chart

Gopal Snacks Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.23

0.20

0.11

Gopal Snacks Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	0.23	0.20	-	0.11	0.02

Gopal Snacks LT-Debt-to-Total-Asset Calculation

Gopal Snacks's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	493.98	/	4612.83
	=	0.11

Gopal Snacks's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	98.68	/	4345.37
	=

Gopal Snacks (BOM:544140) 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.

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Gopal Snacks (BOM:544140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gopal Snacks Ltd (BOM:544140) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GOPAL:India

Address

Plot Nos. G2322, G2323 and G2324, GIDC Metoda, Taluka Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.gopalnamkeen.com

Gopal Snacks Ltd is a fastmoving consumer goods company in India It offer a wide variety of savoury products under brand 'Gopal', including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi.

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