Flomic Global Logistics (BOM:504380) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Flomic Global Logistics 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. Flomic Global Logistics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Flomic Global Logistics's long-term debt to total assets ratio increased from Sep. 2023 (0.23) to Sep. 2024 (0.27). It may suggest that Flomic Global Logistics is progressively becoming more dependent on debt to grow their business.

Flomic Global Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flomic Global Logistics'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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Flomic Global Logistics LT-Debt-to-Total-Asset Chart

Flomic Global Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.29

0.24

0.23

0.29

Flomic Global Logistics 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															0.23	-	0.29	-	0.27

Flomic Global Logistics LT-Debt-to-Total-Asset Calculation

Flomic Global Logistics'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 )
	=	589.808	/	2021.806
	=	0.29

Flomic Global Logistics'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 )
	=	559.007	/	2096.194
	=	0.27

Flomic Global Logistics (BOM:504380) 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.

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Flomic Global Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flomic Global Logistics Ltd (BOM:504380) » Definitions » LT-Debt-to-Total-Asset

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Address

205, Off Nehru Road, Enterprise Centre, Beside Orchid Hote, Vile Parle (East), Mumbai, MH, IND, 400099

Website

https://www.flomicgroup.com

Flomic Global Logistics Ltd operates in the multi-cargo, multi-surface logistics business. It offers various logistics services including freight forwarding, customs brokerage, warehousing, cross trades and transportation services. The company has only one business segment namely, Freight forwarding and Custom House Agent.

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