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Gandhar Oil Refinery (India) (BOM:544029) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)


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What is Gandhar Oil Refinery (India) 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. Gandhar Oil Refinery (India)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Gandhar Oil Refinery (India)'s long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.05). It may suggest that Gandhar Oil Refinery (India) is progressively becoming more dependent on debt to grow their business.

Gandhar Oil Refinery (India) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gandhar Oil Refinery (India)'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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Gandhar Oil Refinery (India) LT-Debt-to-Total-Asset Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
0.07 0.05 0.04 0.05

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - 0.04 0.03 - 0.05

Gandhar Oil Refinery (India) LT-Debt-to-Total-Asset Calculation

Gandhar Oil Refinery (India)'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 )
=939.78/19399.94
=0.05

Gandhar Oil Refinery (India)'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 )
=939.78/19399.94
=0.05

* 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.

Gandhar Oil Refinery (India)  (BOM:544029) 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.

Gandhar Oil Refinery (India) LT-Debt-to-Total-Asset Related Terms

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Gandhar Oil Refinery (India) (BOM:544029) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gandhar Oil Refinery (India) Ltd (BOM:544029) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
GANDHAR:India
Address
S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062
Website
https://www.gandharoil.com
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

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