Goodluck India (NSE:GOODLUCK) Debt-to-Asset : 0.30 (As of Mar. 2024)

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What is Goodluck India Debt-to-Asset?

Goodluck India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹5,118 Mil. Goodluck India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,002 Mil. Goodluck India's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹20,324 Mil. Goodluck India's debt to asset for the quarter that ended in Mar. 2024 was 0.30.

Goodluck India Debt-to-Asset Historical Data

The historical data trend for Goodluck India's Debt-to-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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Goodluck India Debt-to-Asset Chart

Goodluck India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.51

0.49

0.47

0.41

0.30

Goodluck India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.41	-	0.41	-	0.30

Competitive Comparison of Goodluck India's Debt-to-Asset

For the Steel subindustry, Goodluck India's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Goodluck India's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Goodluck India's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Goodluck India's Debt-to-Asset falls into.

Goodluck India Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Goodluck India's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5117.909	+	1002.498)	/	20323.995
	=	0.30

Goodluck India's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5117.909	+	1002.498)	/	20323.995
	=	0.30

Goodluck India (NSE:GOODLUCK) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Goodluck India Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Goodluck India's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Goodluck India (NSE:GOODLUCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Goodluck India Ltd (NSE:GOODLUCK) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

530655:India

Address

Ambedkar Road, Goodluck House, II - F, 166-167, Nehru Nagar, Ghaziabad, UP, IND, 201001

Website

https://www.goodluckindia.com

Goodluck India Ltd is engaged in the manufacturing and sale of iron and steel products. It manufactures and sells engineering products such as heavy engineered structures, transmission and distribution towers, CDW Tubes, Precision Tubes, Pipes, Sheets and Forged engineering products. The group has a business presence in India and Outside India, of which key revenue is derived from India.

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