Deepak Nitrite (BOM:506401) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Deepak Nitrite 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. Deepak Nitrite's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Deepak Nitrite's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.12). It may suggest that Deepak Nitrite is progressively becoming more dependent on debt to grow their business.

Deepak Nitrite LT-Debt-to-Total-Asset Historical Data

The historical data trend for Deepak Nitrite'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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Deepak Nitrite LT-Debt-to-Total-Asset Chart

Deepak Nitrite Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.25

0.15

0.05

0.01

0.05

Deepak Nitrite 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															0.01	-	0.05	-	0.12

Deepak Nitrite LT-Debt-to-Total-Asset Calculation

Deepak Nitrite'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 )
	=	2792.3	/	60962.2
	=	0.05

Deepak Nitrite'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 )
	=	8316.3	/	70087.3
	=	0.12

Deepak Nitrite (BOM:506401) 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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Deepak Nitrite Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Nitrite Ltd (BOM:506401) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

DEEPAKNTR:India

Address

Alembic Avenue Road, 2nd Floor, Fermenter House, Alembic City, Vadodara, GJ, IND, 390003

Website

https://www.godeepak.com

Deepak Nitrite Ltd is a chemical manufacturing company. The company has two business segments; Advanced Intermediates, and Phenolics. Maximum revenue is generated from the Phenolics segment which manufactures chemicals like Cumene, Phenol, Acetone, Isopropyl Alcohol, and Alpha Methyl Styrene (AMS) among others. The chemicals are used in various industries such as Laminate & Plywood, Automotive, Construction, Pharmaceuticals, Adhesives, Sanitisers, and others. Geographically, the company derives its maximum revenue from India and the rest from other countries through exports.

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