Tilaknagar Industries (NSE:TI) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Tilaknagar Industries 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. Tilaknagar Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Tilaknagar Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.06). It may suggest that Tilaknagar Industries is progressively becoming more dependent on debt to grow their business.

Tilaknagar Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tilaknagar Industries'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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Tilaknagar Industries LT-Debt-to-Total-Asset Chart

Tilaknagar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.45

0.38

0.03

0.06

Tilaknagar Industries 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	-	0.13	-	0.06

Tilaknagar Industries LT-Debt-to-Total-Asset Calculation

Tilaknagar Industries'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 )
	=	649.216	/	10334.403
	=	0.06

Tilaknagar Industries'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 )
	=	649.216	/	10334.403
	=	0.06

Tilaknagar Industries (NSE:TI) 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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Tilaknagar Industries (NSE:TI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tilaknagar Industries Ltd (NSE:TI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

507205:India

Address

3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.tilind.com

Tilaknagar Industries Ltd is engaged in the business of manufacture and sale of Indian Made Foreign Liquor and its related products. Its portfolio of brands in various liquor categories including brandy, whisky, vodka, gin, and rum. Geographically the company exports its products to Singapore, Angola, Rwanda, Bahrain, and UAE. Its brand comprises Mansion House Brandy, Courrier Napoleon Brandy - Green, Courrier Napoleon Brandy - Red, Madira XXX Rum, and Others.

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