Timex Group India (BOM:500414) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Timex Group 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. Timex Group India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Timex Group India's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.05). It may suggest that Timex Group India is progressively becoming less dependent on debt to grow their business.

Timex Group India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Timex Group 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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Timex Group India LT-Debt-to-Total-Asset Chart

Timex Group India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.11

0.08

0.05

Timex Group India 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															0.05	-	0.05	-	0.05

Timex Group India LT-Debt-to-Total-Asset Calculation

Timex Group India'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 )
	=	97	/	2011.8
	=	0.05

Timex Group India'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 )
	=	97	/	2011.8
	=	0.05

Timex Group India (BOM:500414) 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.

Timex Group India LT-Debt-to-Total-Asset Related Terms

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Timex Group India (BOM:500414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Timex Group India Ltd (BOM:500414) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

C-1, Sector-16, 3rd Floor, World Trade Tower, Unit number 303, Tower-B,, Noida, UP, IND, 201301

Website

https://www.timexindia.com

Timex Group India Ltd is an Indian company engaged in designing, manufacturing, and marketing timepieces and jewelry and rendering related after-sales services. The company's business segment comprises watches and others. Its watches segment includes manufacturing and trading of watches. Geographically, it derives a majority of its revenue from India. The company's brand includes Timex, Helix, and TMX. The Company is primarily in the business of manufacturing and trading of watches and rendering of related after-sales service ("Watches").

Timex Group India (BOM:500414) Headlines

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