Mozaffar Hossain Spinning Mills (DHA:MHSML) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Mozaffar Hossain 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. Mozaffar Hossain Spinning Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Mozaffar Hossain Spinning Mills's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.30). It may suggest that Mozaffar Hossain Spinning Mills is progressively becoming more dependent on debt to grow their business.

Mozaffar Hossain Spinning Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mozaffar Hossain 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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Mozaffar Hossain Spinning Mills LT-Debt-to-Total-Asset Chart

Mozaffar Hossain Spinning Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.11

0.21

0.29

0.30

0.31

Mozaffar Hossain 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															0.29	0.31	0.31	0.28	0.30

Mozaffar Hossain Spinning Mills LT-Debt-to-Total-Asset Calculation

Mozaffar Hossain Spinning Mills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1886.622	/	6159.335
	=	0.31

Mozaffar Hossain 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 )
	=	1902.117	/	6282.888
	=	0.30

Mozaffar Hossain Spinning Mills (DHA:MHSML) 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.

Mozaffar Hossain Spinning Mills LT-Debt-to-Total-Asset Related Terms

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Mozaffar Hossain Spinning Mills (DHA:MHSML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mozaffar Hossain Spinning Mills Ltd (DHA:MHSML) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

House No. 315, Road No. 04, DOHS, Baridhara, Dhaka, BGD, 1206

Website

https://www.simgroup-bd.com

Mozaffar Hossain Spinning Mills Ltd is a manufacturer and seller of woven fabrics and cotton yarn. The products of the company are sold at domestic market as deemed exporter delivered to the export oriented companies.

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