Saiham Cotton Mills (DHA:SAIHAMCOT) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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

Saiham Cotton Mills's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.03). It may suggest that Saiham Cotton Mills is progressively becoming less dependent on debt to grow their business.

Saiham Cotton Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saiham Cotton Mills'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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Saiham Cotton Mills LT-Debt-to-Total-Asset Chart

Saiham Cotton Mills Annual Data

Trend

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.06

0.04

Saiham Cotton Mills 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															0.05	0.04	0.03	0.03	0.03

Saiham Cotton Mills LT-Debt-to-Total-Asset Calculation

Saiham Cotton Mills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	425.505	/	10943.816
	=	0.04

Saiham Cotton Mills'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 )
	=	255.292	/	9970.381
	=	0.03

Saiham Cotton Mills (DHA:SAIHAMCOT) 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.

Saiham Cotton Mills LT-Debt-to-Total-Asset Related Terms

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Saiham Cotton Mills (DHA:SAIHAMCOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Saiham Cotton Mills Ltd (DHA:SAIHAMCOT) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

House No. 34, Road No. 136, Gulshan-1, Saiham Tower, Block No. SE (C)-1, 11th Floor, Dhaka, BGD, 1212

Website

https://www.saihamcotton.com

Saiham Cotton Mills Ltd manufactures and sells cotton yarns for the export-oriented knitting industry. It offers auto coned electronically cleared cotton carded and combed grey yarn in Bangladesh. Carded, Combed, Organic KH, Organic CH, and CMIA are among the company's products.

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