Suryalata Spinning Mills (BOM:514138) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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

Suryalata Spinning Mills's long-term debt to total assets ratio declined from Sep. 2023 (0.16) to Sep. 2024 (0.12). It may suggest that Suryalata Spinning Mills is progressively becoming less dependent on debt to grow their business.

Suryalata Spinning Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suryalata Spinning Mills'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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Suryalata Spinning Mills LT-Debt-to-Total-Asset Chart

Suryalata Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.18

0.14

0.08

0.13

Suryalata Spinning Mills 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															0.16	-	0.13	-	0.12

Suryalata Spinning Mills LT-Debt-to-Total-Asset Calculation

Suryalata Spinning Mills'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 )
	=	525.736	/	3942.755
	=	0.13

Suryalata Spinning Mills'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 )
	=	453.1	/	3810.4
	=	0.12

Suryalata Spinning Mills (BOM:514138) 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.

Suryalata Spinning Mills LT-Debt-to-Total-Asset Related Terms

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Suryalata Spinning Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalata Spinning Mills Ltd (BOM:514138) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 1st Floor, Secunderabad, TG, IND, 500003

Website

https://www.suryalata.com

Suryalata Spinning Mills Ltd operates in the Textile division. It is engaged in producing different Synthetic Yarns like 100% Polyester (PSF) Yarns, 100% Viscose (VSF) Yarns, PSF & VSF Blended Yarns and Value Added Yarns suitable for suiting, shirting, and knitting. Further, the company is also involved in the manufacturing of specialized yarns like Slub Yarns, Fancy Yarns, and Micro Yarns. The operations of the company are into one segment i.e. spinning in textiles.

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