Kinetic Engineering (BOM:500240) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Kinetic Engineering 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. Kinetic Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Kinetic Engineering's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.17). It may suggest that Kinetic Engineering is progressively becoming more dependent on debt to grow their business.

Kinetic Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kinetic Engineering'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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Kinetic Engineering LT-Debt-to-Total-Asset Chart

Kinetic Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.25

0.26

0.15

0.17

Kinetic Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	-	0.04	-	0.17

Kinetic Engineering LT-Debt-to-Total-Asset Calculation

Kinetic Engineering'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 )
	=	290.9	/	1759.4
	=	0.17

Kinetic Engineering's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	290.9	/	1759.4
	=	0.17

Kinetic Engineering (BOM:500240) 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.

Kinetic Engineering LT-Debt-to-Total-Asset Related Terms

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Kinetic Engineering (BOM:500240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kinetic Engineering Ltd (BOM:500240) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-1 Block, MIDC, Plot No. 18/2, Kinetic Innovation Park, Chinchwad, Pune, MH, IND, 411019

Website

https://www.kineticindia.com

Kinetic Engineering Ltd operates in the automobile industry. The company is engaged in the manufacturing and distribution of automotive components. Its product offerings include transmission components, engine components, complete gearbox and engine assemblies for auto and non-auto products.

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