Suraj Products (BOM:518075) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Suraj Products 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. Suraj Products's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Suraj Products's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.07). It may suggest that Suraj Products is progressively becoming less dependent on debt to grow their business.

Suraj Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suraj Products'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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Suraj Products LT-Debt-to-Total-Asset Chart

Suraj Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.30

0.22

0.13

0.07

Suraj Products 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															0.13	-	0.11	-	0.07

Suraj Products LT-Debt-to-Total-Asset Calculation

Suraj Products'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 )
	=	130.067	/	1858.826
	=	0.07

Suraj Products'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 )
	=	130.067	/	1858.826
	=	0.07

Suraj Products (BOM:518075) 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.

Suraj Products LT-Debt-to-Total-Asset Related Terms

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Suraj Products (BOM:518075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Suraj Products Ltd (BOM:518075) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village: Barpali, P.O. Kesaramal Rajgangpur, Sundargarh, OR, IND, 770017

Website

https://www.surajproducts.com

Suraj Products Ltd is in production of Sponge Iron. The company has a single business segment finished products from Iron Ore. The company has three products namely TMT Bar, Pig Iron, Sponge Iron and MS Ingot.

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