Advance Lifestyles (BOM:521048) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2023)

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What is Advance Lifestyles 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. Advance Lifestyles's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.55.

Advance Lifestyles's long-term debt to total assets ratio declined from Dec. 2022 (0.55) to Dec. 2023 (0.55). It may suggest that Advance Lifestyles is progressively becoming less dependent on debt to grow their business.

Advance Lifestyles LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advance Lifestyles'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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Advance Lifestyles LT-Debt-to-Total-Asset Chart

Advance Lifestyles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.49

0.55

0.56

Advance Lifestyles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.56	0.56	0.55	0.55

Advance Lifestyles LT-Debt-to-Total-Asset Calculation

Advance Lifestyles'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 )
	=	432.033	/	776.536
	=	0.56

Advance Lifestyles's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	426.698	/	771.512
	=

Advance Lifestyles (BOM:521048) 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.

Advance Lifestyles LT-Debt-to-Total-Asset Related Terms

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Advance Lifestyles (BOM:521048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Advance Lifestyles Ltd (BOM:521048) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shahibaugh Road, 21-22, First Floor, Advance Plaza, Ahmedabad, GJ, IND, 380004

Website

https://www.advance.net.in

Advance Lifestyles Ltd is engaged in the trading of textiles. It is also engaged in the real estate sector focusing on mid and large size residential and commercial developments in Gujarat. The company manufactures, buys, sells, imports, exports, refine, manipulate, or otherwise deal in textiles and piece goods of all kinds, yam, threads, silks, art silks, cotton, woolens, nylon, synthetic and allied materials.

Advance Lifestyles (BOM:521048) Headlines

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