Rajapalayam Mills (BOM:532503) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Rajapalayam 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. Rajapalayam Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Rajapalayam Mills's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.14). It may suggest that Rajapalayam Mills is progressively becoming more dependent on debt to grow their business.

Rajapalayam Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rajapalayam 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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Rajapalayam Mills LT-Debt-to-Total-Asset Chart

Rajapalayam Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.12

0.11

0.14

Rajapalayam 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	-	0.14

Rajapalayam Mills LT-Debt-to-Total-Asset Calculation

Rajapalayam 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 )
	=	5010.6	/	35163.5
	=	0.14

Rajapalayam 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 )
	=	5010.6	/	35163.5
	=	0.14

Rajapalayam Mills (BOM:532503) 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.

Rajapalayam Mills LT-Debt-to-Total-Asset Related Terms

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Rajapalayam Mills (BOM:532503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rajapalayam Mills Ltd (BOM:532503) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Rajapalayam Mills Premises, Post Box No. 1, P.A.C. Ramasamy Raja Salai, Rajapalayam, TN, IND, 626117

Website

https://www.rajapalayammills.co.in

Rajapalayam Mills Ltd is an India-based company engaged in the manufacture of yarn and fabrics. The operates in segments namely, Textiles and Windmills. The Textiles segment of the company offers ring yarn, compact yarn, Elitwist compact yarn, TFO doubled yarn, gassed yarn, slub, and multicount yarn, model/Tencel yarn, open-end yarn, and organic cotton yarn, and the windmills segment engaged in the generation of power from windmills. The firm generates a majority of its revenue from the textile segment.

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