Pattech Fitwell Tube Components (NSE:PATTECH) Debt-to-Asset : 0.35 (As of Sep. 2023)

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What is Pattech Fitwell Tube Components Debt-to-Asset?

Pattech Fitwell Tube Components's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹25.9 Mil. Pattech Fitwell Tube Components's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹81.7 Mil. Pattech Fitwell Tube Components's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was ₹307.1 Mil. Pattech Fitwell Tube Components's debt to asset for the quarter that ended in Sep. 2023 was 0.35.

Pattech Fitwell Tube Components Debt-to-Asset Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Debt-to-Asset Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Debt-to-Asset

0.75

0.70

0.66

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Debt-to-Asset	0.75	0.70	0.66	0.35

Competitive Comparison of Pattech Fitwell Tube Components's Debt-to-Asset

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Debt-to-Asset falls into.

Pattech Fitwell Tube Components Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pattech Fitwell Tube Components's Debt-to-Asset for the fiscal year that ended in Mar. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(43.88	+	122.477)	/	253.038
	=	0.66

Pattech Fitwell Tube Components's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(25.907	+	81.721)	/	307.139
	=	0.35

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components Debt-to-Asset Related Terms

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Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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