Lloyds Engineering Works (NSE:LLOYDSENGG) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Lloyds Engineering Works 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. Lloyds Engineering Works's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Lloyds Engineering Works's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Lloyds Engineering Works is progressively becoming more dependent on debt to grow their business.

Lloyds Engineering Works LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lloyds Engineering Works'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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Lloyds Engineering Works LT-Debt-to-Total-Asset Chart

Lloyds Engineering Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.12

0.02

0.03

Lloyds Engineering Works Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.03	-	0.03

Lloyds Engineering Works LT-Debt-to-Total-Asset Calculation

Lloyds Engineering Works'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 )
	=	164.358	/	5712.782
	=	0.03

Lloyds Engineering Works'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 )
	=	164.358	/	5712.782
	=	0.03

Lloyds Engineering Works (NSE:LLOYDSENGG) 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.

Lloyds Engineering Works LT-Debt-to-Total-Asset Related Terms

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Lloyds Engineering Works (NSE:LLOYDSENGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lloyds Engineering Works Ltd (NSE:LLOYDSENGG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

539992:India

Address

Plot No.A-5/5, MIDC Industrial Area, Murbad, Thane, Mumbai, MH, IND, 421401

Website

https://www.lloydsengg.in

Lloyds Engineering Works Ltd is a Designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

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