Sri Ramakrishna Mills Coimbatore (BOM:521178) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Sri Ramakrishna Mills Coimbatore 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. Sri Ramakrishna Mills Coimbatore's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Sri Ramakrishna Mills Coimbatore's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.11). It may suggest that Sri Ramakrishna Mills Coimbatore is progressively becoming more dependent on debt to grow their business.

Sri Ramakrishna Mills Coimbatore LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sri Ramakrishna Mills Coimbatore'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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Sri Ramakrishna Mills Coimbatore LT-Debt-to-Total-Asset Chart

Sri Ramakrishna Mills Coimbatore Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.14

0.08

0.04

0.11

Sri Ramakrishna Mills Coimbatore 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															0.04	-	0.11	-	0.11

Sri Ramakrishna Mills Coimbatore LT-Debt-to-Total-Asset Calculation

Sri Ramakrishna Mills Coimbatore'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 )
	=	73.098	/	666.474
	=	0.11

Sri Ramakrishna Mills Coimbatore'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 )
	=	73.098	/	666.474
	=	0.11

Sri Ramakrishna Mills Coimbatore (BOM:521178) 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.

Sri Ramakrishna Mills Coimbatore LT-Debt-to-Total-Asset Related Terms

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Sri Ramakrishna Mills Coimbatore (BOM:521178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sri Ramakrishna Mills Coimbatore Ltd (BOM:521178) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1493, Sathyamangalam Road, Ganapathy Post, Coimbatore, TN, IND, 641 006

Website

http://www.ramakrishnamills.com

Sri Ramakrishna Mills Coimbatore Ltd operates in the textile industry. The company offers a wide range of pure cotton and blended yarns. In addition, it is involved in the real estate activities.

Sri Ramakrishna Mills Coimbatore (BOM:521178) Headlines

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