Pavna Industries (NSE:PAVNAIND) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Pavna Industries 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. Pavna Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Pavna Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.06). It may suggest that Pavna Industries is progressively becoming less dependent on debt to grow their business.

Pavna Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pavna Industries'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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Pavna Industries LT-Debt-to-Total-Asset Chart

Pavna Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.14

0.19

0.17

0.06

Pavna Industries Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.17	-	0.10	-	0.06

Pavna Industries LT-Debt-to-Total-Asset Calculation

Pavna Industries'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 )
	=	159.689	/	2577.048
	=	0.06

Pavna Industries'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 )
	=	159.689	/	2577.048
	=	0.06

Pavna Industries (NSE:PAVNAIND) 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.

Pavna Industries LT-Debt-to-Total-Asset Related Terms

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Pavna Industries (NSE:PAVNAIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pavna Industries Ltd (NSE:PAVNAIND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

543915:India

Address

Vimlanchal, Hari Nagar, Gopalpuri, Aligarh, UP, IND, 202001

Website

https://www.pavnagroup.com

Pavna Industries Ltd is engaged in the business of manufacturing automotive parts, providing solutions for automobile applications, and serving automobile and other applications. The company products include fuel tank caps, fuel cocks & Pumps, Casting & engine components, switches handles, etc.

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