Suryalakshmi Cotton Mills (BOM:521200) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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

Suryalakshmi Cotton Mills's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.09). It may suggest that Suryalakshmi Cotton Mills is progressively becoming more dependent on debt to grow their business.

Suryalakshmi Cotton Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suryalakshmi Cotton 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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Suryalakshmi Cotton Mills LT-Debt-to-Total-Asset Chart

Suryalakshmi Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.13

0.14

0.08

0.09

Suryalakshmi Cotton Mills 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															0.08	-	0.09	-	0.09

Suryalakshmi Cotton Mills LT-Debt-to-Total-Asset Calculation

Suryalakshmi Cotton 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 )
	=	681.243	/	7279.4
	=	0.09

Suryalakshmi Cotton Mills'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 )
	=	681.243	/	7279.4
	=	0.09

Suryalakshmi Cotton Mills (BOM:521200) 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.

Suryalakshmi Cotton Mills LT-Debt-to-Total-Asset Related Terms

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Suryalakshmi Cotton Mills (BOM:521200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalakshmi Cotton Mills Ltd (BOM:521200) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SURYALAXMI:India

Address

105, Sardar Patel Road, 6th Floor, Surya Towers, Secunderabad, TG, IND, 500003

Website

http://www.suryalakshmi.com

Suryalakshmi Cotton Mills Ltd is an original denim manufacturer which has an integrated business model. The company operates in various business segments that include Spinning and Denim out of which the Spinning segment generates maximum revenue for the company.

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