Shivagrico Implements (BOM:522237) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Shivagrico Implements 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. Shivagrico Implements's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Shivagrico Implements's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.09). It may suggest that Shivagrico Implements is progressively becoming less dependent on debt to grow their business.

Shivagrico Implements LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shivagrico Implements'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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Shivagrico Implements LT-Debt-to-Total-Asset Chart

Shivagrico Implements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.07

0.13

0.11

0.10

Shivagrico Implements Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	-	0.10	-	0.09

Shivagrico Implements LT-Debt-to-Total-Asset Calculation

Shivagrico Implements'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 )
	=	28.058	/	286.964
	=	0.10

Shivagrico Implements's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	23.732	/	272.625
	=	0.09

Shivagrico Implements (BOM:522237) 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.

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Shivagrico Implements Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivagrico Implements Ltd (BOM:522237) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

281, Tardeo Road, A-1, Ground Floor, Adinath Apartments, Mumbai, MH, IND, 400 007

Website

https://www.shivagrico.in

Shivagrico Implements Ltd is engaged in manufacturing hand tools, equipment, and agricultural implements in India. Its only operating segment is the Rolling and Forging of Agricultural Implements and others. Geographically, it derives a majority of its revenue from India. It sells its products under the brands LION and CHETAK. The company offers pickaxes, crowbars, hoes, pick and cutter mattocks, hammers, and mauls.

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