Transglobe Foods (BOM:519367) LT-Debt-to-Total-Asset : 0.99 (As of Mar. 2024)

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What is Transglobe Foods 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. Transglobe Foods's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.99.

Transglobe Foods's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.99). It may suggest that Transglobe Foods is progressively becoming more dependent on debt to grow their business.

Transglobe Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Transglobe Foods'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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Transglobe Foods LT-Debt-to-Total-Asset Chart

Transglobe Foods Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.99

Transglobe Foods 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															-	-	-	-	0.99

Transglobe Foods LT-Debt-to-Total-Asset Calculation

Transglobe Foods'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 )
	=	1.581	/	1.599
	=

Transglobe Foods'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 )
	=	1.581	/	1.599
	=

Transglobe Foods (BOM:519367) 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.

Transglobe Foods LT-Debt-to-Total-Asset Related Terms

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Transglobe Foods (BOM:519367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Transglobe Foods Ltd (BOM:519367) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Sai Janak Classic Devidas Lane, 603/604, Building No. 3-115, Scheme On Plot 1427, Borivali (West), Mumbai, MH, IND, 400103

Website

https://www.transglobefoods.com

Transglobe Foods Ltd has engaged in activities of trading in food grains, fruits, vegetables, various types of fruit jams, tomato ketchup, pastes, purees and varieties of pickles.

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