HPL Electric & Power (NSE:HPL) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is HPL Electric & Power 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. HPL Electric & Power's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

HPL Electric & Power's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.05). It may suggest that HPL Electric & Power is progressively becoming more dependent on debt to grow their business.

HPL Electric & Power LT-Debt-to-Total-Asset Historical Data

The historical data trend for HPL Electric & Power'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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HPL Electric & Power LT-Debt-to-Total-Asset Chart

HPL Electric & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.03

0.04

0.03

0.05

HPL Electric & Power 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															0.03	-	0.04	-	0.05

HPL Electric & Power LT-Debt-to-Total-Asset Calculation

HPL Electric & Power'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 )
	=	924.542	/	18741.521
	=	0.05

HPL Electric & Power'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 )
	=	924.542	/	18741.521
	=	0.05

HPL Electric & Power (NSE:HPL) 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.

HPL Electric & Power LT-Debt-to-Total-Asset Related Terms

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HPL Electric & Power (NSE:HPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HPL Electric & Power Ltd (NSE:HPL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

540136:India

Address

Windsor Business Park, B-1D, Sector-10, Noida, UP, IND, 201 301

Website

https://www.hplindia.com

HPL Electric & Power Ltd is an Indian company engaged in manufacturing electric equipment across the key verticals: Metering, Switchgear, Lighting and Electronics, and Cables. It derives key revenue from the Metering division. The product portfolio includes digital panel meters, smart Meter, Net Meter for Solar Roof Top, Prepaid Metering Solutions, Ebrit Digital Panel Meter ,cordless chimes, Trivector Meter. Geographically, majority of its revenue is generated in India.

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