Shanthala FMCG Products (NSE:SHANTHALA) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2023)

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What is Shanthala FMCG Products 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. Shanthala FMCG Products's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.26.

Shanthala FMCG Products's long-term debt to total assets ratio declined from Mar. 2021 (0.46) to Mar. 2023 (0.26). It may suggest that Shanthala FMCG Products is progressively becoming less dependent on debt to grow their business.

Shanthala FMCG Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanthala FMCG Products'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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Shanthala FMCG Products LT-Debt-to-Total-Asset Chart

Shanthala FMCG Products Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.46

0.33

0.26

Shanthala FMCG Products Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.46	0.33	0.26

Shanthala FMCG Products LT-Debt-to-Total-Asset Calculation

Shanthala FMCG Products'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 )
	=	16.864	/	65.721
	=	0.26

Shanthala FMCG Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	16.864	/	65.721
	=	0.26

Shanthala FMCG Products (NSE:SHANTHALA) 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.

Shanthala FMCG Products LT-Debt-to-Total-Asset Related Terms

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Shanthala FMCG Products (NSE:SHANTHALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanthala FMCG Products Ltd (NSE:SHANTHALA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gandhinagr Bye Pass Road, 7th Block, Kodagu, Virajpet, KA, IND, 571218

Website

https://www.shanthalafmcg.com

Shanthala FMCG Products Ltd is an FMCG product distributor for large-size FMCG Companies in India for whom It distributes Branded packaged foods, Personal care products, Education & stationery products, Matches & Agarbatti and tobacco products. It is also a distributor for one of the largest FMCG MNC Company in India. It distributes branded Beauty & wellbeing, Nutrition, Personal care & Home care products for them.

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