Andhra Petrochemicals (BOM:500012) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Andhra Petrochemicals 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. Andhra Petrochemicals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Andhra Petrochemicals's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.10). It may suggest that Andhra Petrochemicals is progressively becoming less dependent on debt to grow their business.

Andhra Petrochemicals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Andhra Petrochemicals'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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Andhra Petrochemicals LT-Debt-to-Total-Asset Chart

Andhra Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.21

0.16

0.11

Andhra Petrochemicals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	-	0.11	-	0.10

Andhra Petrochemicals LT-Debt-to-Total-Asset Calculation

Andhra Petrochemicals'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 )
	=	732.993	/	6963.606
	=	0.11

Andhra Petrochemicals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	694.789	/	6688.987
	=	0.10

Andhra Petrochemicals (BOM:500012) 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.

Andhra Petrochemicals LT-Debt-to-Total-Asset Related Terms

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Andhra Petrochemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Andhra Petrochemicals Ltd (BOM:500012) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Venkatarayapuram, West Godavari District, Tanuku, AP, IND, 534215

Website

https://www.andhrapetrochemicals.com

Andhra Petrochemicals Ltd is an India-based company, which is engaged in the manufacturing of oxo-alcohols. The company's products/services include 2 Ethyl Hexanol and Butanols. It offers Normal Butanol and Iso Butanol. Its 2 Ethyl Hexanol has applications in plasticizers, stabilizers, solvents, acrylates, and finishing compounds for ink. Other applications of 2 Ethyl Hexanol include nitrate esters, lube and fuel additives, surfactants, mining, stabilizers, solvent extractions, oil flotations, agricultural chemicals, and engine machinery lubrication. Its facilities include steam generation, diesel power generation, seawater cooling towers, and raw water storage.

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