DIC India (BOM:500089) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is DIC India 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. DIC India's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

DIC India's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.01). It may suggest that DIC India is progressively becoming less dependent on debt to grow their business.

DIC India LT-Debt-to-Total-Asset Historical Data

The historical data trend for DIC India'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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DIC India LT-Debt-to-Total-Asset Chart

DIC India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.01

DIC India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	-	0.03	-	0.01

DIC India LT-Debt-to-Total-Asset Calculation

DIC India's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	30.207	/	5810.737
	=	0.01

DIC India's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	30.207	/	5810.737
	=	0.01

DIC India (BOM:500089) 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.

DIC India LT-Debt-to-Total-Asset Related Terms

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DIC India (BOM:500089) Business Description

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DICIND:India

Address

Fusion Square, 5A-5B, Sector-126, 5th Floor, District Gautam Budh Nagar, Noida, UP, IND, 201303

Website

https://www.dic.co.in

DIC India Ltd is an India-based company engaged in the business of manufacturing printing inks that are used in newspapers, other publications, and packaging industries. It also offers lamination adhesive. The product portfolio of the company includes Gravur inks, Flexo inks, Adhesives, Specialty products and Paste inks. The company operates primarily within India.

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