Amarjothi Spinning Mills (BOM:521097) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Amarjothi Spinning Mills 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. Amarjothi Spinning Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Amarjothi Spinning Mills's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.13). It may suggest that Amarjothi Spinning Mills is progressively becoming less dependent on debt to grow their business.

Amarjothi Spinning Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Amarjothi Spinning Mills'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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Amarjothi Spinning Mills LT-Debt-to-Total-Asset Chart

Amarjothi Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.37

0.19

0.20

0.14

0.13

Amarjothi Spinning Mills 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															0.14	-	0.14	0.01	0.13

Amarjothi Spinning Mills LT-Debt-to-Total-Asset Calculation

Amarjothi Spinning Mills'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 )
	=	418.757	/	3133.366
	=	0.13

Amarjothi Spinning Mills'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 )
	=	418.757	/	3133.366
	=	0.13

Amarjothi Spinning Mills (BOM:521097) 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.

Amarjothi Spinning Mills LT-Debt-to-Total-Asset Related Terms

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Amarjothi Spinning Mills (BOM:521097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amarjothi Spinning Mills Ltd (BOM:521097) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

157, Kumaran Road, Amarjothi House, Tirupur, TN, IND, 641601

Website

http://www.amarjothi.net

Amarjothi Spinning Mills Ltd is engaged in the spinning, dyeing, and blending of yarn. The company owns windmills for captive consumption purposes. Further, it offers blended melange yarns products such as cotton, viscose, polyester, modal, synthetic fiber, man-made fiber, bamboo, flax, and slub yarns, as well as non-blended melange yarns and melange shades. Geographically business activity of the firm is operated through the regions of India and derives revenue from the sale of products.

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