Rishi Techtex (BOM:523021) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Rishi Techtex 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. Rishi Techtex's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Rishi Techtex's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.04). It may suggest that Rishi Techtex is progressively becoming less dependent on debt to grow their business.

Rishi Techtex LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rishi Techtex'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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Rishi Techtex LT-Debt-to-Total-Asset Chart

Rishi Techtex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.07

0.09

0.06

0.04

Rishi Techtex 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															0.06	-	0.06	-	0.04

Rishi Techtex LT-Debt-to-Total-Asset Calculation

Rishi Techtex'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 )
	=	25.776	/	722.402
	=	0.04

Rishi Techtex'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 )
	=	25.776	/	722.402
	=	0.04

Rishi Techtex (BOM:523021) 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.

Rishi Techtex LT-Debt-to-Total-Asset Related Terms

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Rishi Techtex (BOM:523021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Rishi Techtex Ltd (BOM:523021) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10/14, Pais Street, 612, Veena Killedar Industrial Estate, Byculla (West), Mumbai, MH, IND, 400011

Website

https://www.rishitechtex.com

Rishi Techtex Ltd is a multiproduct company operating in India. It is engaged in the manufacturing of plastic woven, sacks, and shade nets. Its product categories include ShadeNets and Woven Bags. The ShadeNets are utilized as Agriculture/Horticulture Field, Wind Breakers, and Cattle Shed/Poultry Shed. The Woven Bags are suited as Packaging material for Fertilizers, Cement, Plastics Polymers, Chemicals, Bale Coverings, and Salt.

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