Vallabh Steels (BOM:513397) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Vallabh Steels 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. Vallabh Steels's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Vallabh Steels's long-term debt to total assets ratio increased from Mar. 2023 (0.21) to Mar. 2024 (0.22). It may suggest that Vallabh Steels is progressively becoming more dependent on debt to grow their business.

Vallabh Steels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vallabh Steels'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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Vallabh Steels LT-Debt-to-Total-Asset Chart

Vallabh Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.12

0.15

0.21

0.22

Vallabh Steels 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															0.21	-	0.21	-	0.22

Vallabh Steels LT-Debt-to-Total-Asset Calculation

Vallabh Steels'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 )
	=	57.227	/	258.388
	=

Vallabh Steels'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 )
	=	57.227	/	258.388
	=

Vallabh Steels (BOM:513397) 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.

Vallabh Steels LT-Debt-to-Total-Asset Related Terms

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Vallabh Steels (BOM:513397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vallabh Steels Ltd (BOM:513397) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

G.T. Road, Village Pawa, Sahnewal, Ludhiana, PB, IND, 141120

Website

https://www.vallabhsteelsltd.in

Vallabh Steels Ltd is an Indian firm operating in a single segment of the iron and steel industry engaged in the manufacturing and marketing of galvanized steel pipes and cold rolled steel strips and coils. The firm manufactures mild steel electric resistance weld black and galvanized pipes suitable for various industrial and household applications. It also produces precision tubes made of cold-rolled close annealed, to meet the needs of the automobile industry and the general engineering industry.

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