Sagar Cements (BOM:502090) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Sagar Cements 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. Sagar Cements's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Sagar Cements's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.25). It may suggest that Sagar Cements is progressively becoming less dependent on debt to grow their business.

Sagar Cements LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sagar Cements'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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Sagar Cements LT-Debt-to-Total-Asset Chart

Sagar Cements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.16

0.26

0.34

0.28

0.25

Sagar Cements 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															0.28	-	0.30	-	0.25

Sagar Cements LT-Debt-to-Total-Asset Calculation

Sagar Cements'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 )
	=	10935.5	/	43562.1
	=	0.25

Sagar Cements'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 )
	=	10935.5	/	43562.1
	=	0.25

Sagar Cements (BOM:502090) 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.

Sagar Cements LT-Debt-to-Total-Asset Related Terms

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Sagar Cements (BOM:502090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sagar Cements Ltd (BOM:502090) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SAGCEM:India

Address

Road No. 10, Plot No. 111, Jubilee Hills, Hyderabad, TG, IND, 500 033

Website

https://www.sagarcements.in

Sagar Cements Ltd is a manufacturer and supplier of cement and cement-related products in India. It manufactures varieties of cement such as Ordinary Portland Cement, Portland Pozzolana Cement (PPC), and Portland Slag Cement and among others. Its business segment includes Cement Manufacturing and Power Generation. The firm generates a majority of its revenue from the cement manufacturing segment.

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