Paramount Dye Tec (NSE:PARAMOUNT) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is Paramount Dye Tec Debt-to-Asset?

Paramount Dye Tec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹155.2 Mil. Paramount Dye Tec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹7.6 Mil. Paramount Dye Tec's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹555.0 Mil. Paramount Dye Tec's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

Paramount Dye Tec Debt-to-Asset Historical Data

The historical data trend for Paramount Dye Tec'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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Paramount Dye Tec Debt-to-Asset Chart

Paramount Dye Tec Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

0.59

0.62

0.53

0.29

Paramount Dye Tec Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Asset	0.59	0.62	0.53	0.29

Competitive Comparison of Paramount Dye Tec's Debt-to-Asset

For the Textile Manufacturing subindustry, Paramount Dye Tec'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.

Paramount Dye Tec's Debt-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Paramount Dye Tec's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Paramount Dye Tec's Debt-to-Asset falls into.

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Paramount Dye Tec Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Paramount Dye Tec'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
	=	(155.155	+	7.582)	/	554.965
	=	0.29

Paramount Dye Tec'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
	=	(155.155	+	7.582)	/	554.965
	=	0.29

Paramount Dye Tec (NSE:PARAMOUNT) 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.

Paramount Dye Tec Debt-to-Asset Related Terms

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Paramount Dye Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Dye Tec Ltd (NSE:PARAMOUNT) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

Machiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141112

Website

https://www.paramountdyetec.com

Paramount Dye Tec Ltd manufactures yarns by recycling synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fiber and yarns which include acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. The company utilizes synthetic waste fibers as its primary raw material, transforming them into quality yarn.

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