JK Cement (NSE:JKCEMENT) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is JK Cement 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. JK Cement's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

JK Cement's long-term debt to total assets ratio declined from Mar. 2023 (0.32) to Mar. 2024 (0.30). It may suggest that JK Cement is progressively becoming less dependent on debt to grow their business.

JK Cement LT-Debt-to-Total-Asset Historical Data

The historical data trend for JK Cement'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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JK Cement LT-Debt-to-Total-Asset Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.34

0.32

0.28

0.32

0.30

JK Cement 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															0.32	-	0.31	-	0.30

JK Cement LT-Debt-to-Total-Asset Calculation

JK Cement'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 )
	=	43658.2	/	148021
	=	0.29

JK Cement'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 )
	=	43658.2	/	148021
	=	0.29

JK Cement (NSE:JKCEMENT) 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.

JK Cement LT-Debt-to-Total-Asset Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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