Hindustan Adhesives (BOM:514428) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Hindustan Adhesives 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. Hindustan Adhesives's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Hindustan Adhesives's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.09). It may suggest that Hindustan Adhesives is progressively becoming less dependent on debt to grow their business.

Hindustan Adhesives LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hindustan Adhesives'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.

* Premium members only.

Hindustan Adhesives LT-Debt-to-Total-Asset Chart

Hindustan Adhesives Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.35

0.28

0.16

0.11

0.09

Hindustan Adhesives 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															0.11	-	0.07	-	0.09

Hindustan Adhesives LT-Debt-to-Total-Asset Calculation

Hindustan Adhesives'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 )
	=	174.8	/	1887.2
	=	0.09

Hindustan Adhesives'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 )
	=	174.8	/	1887.2
	=	0.09

Hindustan Adhesives (BOM:514428) 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.

Hindustan Adhesives LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hindustan Adhesives's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hindustan Adhesives (BOM:514428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindustan Adhesives Ltd (BOM:514428) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-2/8, Safdarjung Enclave, New Delhi, IND, 110029

Website

https://www.bagla-group.com

Hindustan Adhesives Ltd is a producer and marketer of adhesive tapes. The company offers products such as acrylic packaging tapes, hot melt packaging tapes, natural rubber packaging tapes, kraft paper tapes, tamper-evident tapes, tear tapes, polyolefin shrink film, and shrink wrapping machines. Its customers include Unilever, PepsiCo, Coca-Cola, P&G, Reckitt Benckiser, Cadbury, and Nestle, among others.

Hindustan Adhesives (BOM:514428) Headlines

No Headlines