Opal Luxury Time Products (NSE:OPAL) LT-Debt-to-Total-Asset : 0.42 (As of Sep. 2019)

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What is Opal Luxury Time Products 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. Opal Luxury Time Products's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.42.

Opal Luxury Time Products's long-term debt to total assets ratio increased from Mar. 2018 (0.11) to Sep. 2019 (0.42). It may suggest that Opal Luxury Time Products is progressively becoming more dependent on debt to grow their business.

Opal Luxury Time Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Opal Luxury Time Products'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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Opal Luxury Time Products LT-Debt-to-Total-Asset Chart

Opal Luxury Time Products Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

LT-Debt-to-Total-Asset

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0.01

0.11

Opal Luxury Time Products Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	0.01	0.11	-	0.42

Opal Luxury Time Products LT-Debt-to-Total-Asset Calculation

Opal Luxury Time Products's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2018 is calculated as

LT Debt to Total Assets (A: Mar. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2018 )	/	Total Assets (A: Mar. 2018 )
	=	45.135	/	396.292
	=	0.11

Opal Luxury Time Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	48.276	/	114.468
	=	0.42

Opal Luxury Time Products (NSE:OPAL) 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.

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Opal Luxury Time Products (NSE:OPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opal Luxury Time Products Ltd (NSE:OPAL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016

Website

http://www.opalclocks.com

Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets and primarily in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home décor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: - Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.