Pranik Logistics (NSE:PRANIK) Debt-to-Asset : 0.50 (As of Mar. 2024)

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What is Pranik Logistics Debt-to-Asset?

Pranik Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹158.2 Mil. Pranik Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹20.2 Mil. Pranik Logistics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹356.8 Mil. Pranik Logistics's debt to asset for the quarter that ended in Mar. 2024 was 0.50.

Pranik Logistics Debt-to-Asset Historical Data

The historical data trend for Pranik Logistics'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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Pranik Logistics Debt-to-Asset Chart

Pranik Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

0.25

0.41

0.59

0.50

Pranik Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-Asset	0.25	0.41	0.59	0.50

Competitive Comparison of Pranik Logistics's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, Pranik Logistics'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.

Pranik Logistics's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pranik Logistics's Debt-to-Asset distribution charts can be found below:

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

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Pranik Logistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pranik Logistics'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
	=	(158.236	+	20.159)	/	356.83
	=	0.50

Pranik Logistics'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
	=	(158.236	+	20.159)	/	356.83
	=	0.50

Pranik Logistics (NSE:PRANIK) 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.

Pranik Logistics Debt-to-Asset Related Terms

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Pranik Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pranik Logistics Ltd (NSE:PRANIK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.pranikgroup.com

Pranik Logistics Ltd is engaged as carrying and forwarding agent providing end-to-end Logistics solutions. It is a pan India logistics provider, acting as carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling and freight forwarding to various industries such as Retail, Customer Durables, Telecom, Manufacturing, Pharma, etc.

Pranik Logistics Headlines

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