Bhandari Hosiery Exports (BOM:512608) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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

Bhandari Hosiery Exports's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.17). It may suggest that Bhandari Hosiery Exports is progressively becoming more dependent on debt to grow their business.

Bhandari Hosiery Exports LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bhandari Hosiery Exports'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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Bhandari Hosiery Exports LT-Debt-to-Total-Asset Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.19

0.16

0.12

0.17

Bhandari Hosiery Exports 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															0.12	-	0.16	-	0.17

Bhandari Hosiery Exports LT-Debt-to-Total-Asset Calculation

Bhandari Hosiery Exports'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 )
	=	428.345	/	2506.933
	=	0.17

Bhandari Hosiery Exports'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 )
	=	428.345	/	2506.933
	=	0.17

Bhandari Hosiery Exports (BOM:512608) 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.

Bhandari Hosiery Exports LT-Debt-to-Total-Asset Related Terms

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Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

Bhandari Hosiery Exports (BOM:512608) Headlines

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