India Cements (India Cements) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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

India Cements's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.13). It may suggest that India Cements is progressively becoming less dependent on debt to grow their business.

India Cements LT-Debt-to-Total-Asset Historical Data

The historical data trend for India Cements'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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India Cements LT-Debt-to-Total-Asset Chart

India Cements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.21

0.18

0.16

0.13

India Cements 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															0.16	-	0.15	-	0.13

India Cements LT-Debt-to-Total-Asset Calculation

India Cements'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 )
	=	171.09	/	1288.9
	=	0.13

India Cements'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 )
	=	171.09	/	1288.9
	=	0.13

India Cements (OTCPK:IAMUY) 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.

India Cements LT-Debt-to-Total-Asset Related Terms

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India Cements (India Cements) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » India Cements Ltd (OTCPK:IAMUY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

INDIACEM:India 530005:India

Address

93, Santhome High Road, Karpagam Avenue, Coromandel Towers, R.A. Puram, Chennai, TN, IND, 600 028

Website

https://www.indiacements.co.in

India Cements Ltd is a cement manufacturing company. It is engaged in the manufacturing and sale of cement and cement-related products. The company brands include Sankar Super Power, Coromandel King, and Raasi Gold.

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