Sri Nachammai Cotton Mills (BOM:521234) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Sri Nachammai 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. Sri Nachammai Cotton Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Sri Nachammai Cotton Mills's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.24). It may suggest that Sri Nachammai Cotton Mills is progressively becoming more dependent on debt to grow their business.

Sri Nachammai Cotton Mills LT-Debt-to-Total-Asset Historical Data

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

Sri Nachammai Cotton Mills Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.09

0.08

0.10

0.24

Sri Nachammai 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															0.10	-	0.23	-	0.24

Sri Nachammai Cotton Mills LT-Debt-to-Total-Asset Calculation

Sri Nachammai 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 )
	=	215.631	/	904.018
	=	0.24

Sri Nachammai 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 )
	=	215.631	/	904.018
	=	0.24

Sri Nachammai Cotton Mills (BOM:521234) 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 Nachammai Cotton Mills LT-Debt-to-Total-Asset Related Terms

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Sri Nachammai Cotton Mills (BOM:521234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sri Nachammai Cotton Mills Ltd (BOM:521234) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

4th Cross Street, Door No. 181, 'Vasantham', New Fairlands, Salem, TN, IND, 636016

Website

http://www.sncmindia.com

Sri Nachammai Cotton Mills Ltd is engaged in textile manufacturing. The company operates in one Textile business segment. It manufactures combed, carded, compact cotton hosiery, and hank yarn. The sale of yarn generates maximum revenue for the company.

Sri Nachammai Cotton Mills (BOM:521234) Headlines

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