Century Enka (BOM:500280) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Century Enka 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. Century Enka's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Century Enka's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that Century Enka is progressively becoming less dependent on debt to grow their business.

Century Enka LT-Debt-to-Total-Asset Historical Data

The historical data trend for Century Enka'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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Century Enka LT-Debt-to-Total-Asset Chart

Century Enka Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

Century Enka 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															0.03	-	0.03	-	0.02

Century Enka LT-Debt-to-Total-Asset Calculation

Century Enka'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 )
	=	367.3	/	16842.5
	=	0.02

Century Enka'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 )
	=	367.3	/	16842.5
	=	0.02

Century Enka (BOM:500280) 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.

Century Enka LT-Debt-to-Total-Asset Related Terms

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Century Enka (BOM:500280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Century Enka Ltd (BOM:500280) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CENTENKA:India

Address

Plot Number 72 and 72-A, MIDC, Bhosari, Pune, MH, IND, 411026

Website

https://www.centuryenka.com

Century Enka Ltd is engaged in the business of synthetic yarn and related products in India. Its products include polyester filament yarns, fabrics, nylon filament yarns, polyester chips, and nylon chips. Its nylon tyre cord fabrics are used as reinforcement material in bias tyres and nylon textile yarns are used in the apparel industry. Geographically the firm caters its services only in India. The company derives its revenue from the manufacturing and selling of synthetic yarn and related goods.

Century Enka (BOM:500280) Headlines

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