Coventry Coil-O-Matic (Haryana) (BOM:523415) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Coventry Coil-O-Matic (Haryana) 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. Coventry Coil-O-Matic (Haryana)'s long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Coventry Coil-O-Matic (Haryana)'s long-term debt to total assets ratio declined from Sep. 2022 (0.02) to Sep. 2023 (0.01). It may suggest that Coventry Coil-O-Matic (Haryana) is progressively becoming less dependent on debt to grow their business.

Coventry Coil-O-Matic (Haryana) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coventry Coil-O-Matic (Haryana)'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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Coventry Coil-O-Matic (Haryana) LT-Debt-to-Total-Asset Chart

Coventry Coil-O-Matic (Haryana) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.03

0.02

0.03

0.02

Coventry Coil-O-Matic (Haryana) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.02	-	0.01

Coventry Coil-O-Matic (Haryana) LT-Debt-to-Total-Asset Calculation

Coventry Coil-O-Matic (Haryana)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	3.042	/	203.427
	=	0.01

Coventry Coil-O-Matic (Haryana)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.024	/	240.839
	=	0.01

Coventry Coil-O-Matic (Haryana) (BOM:523415) 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.

Coventry Coil-O-Matic (Haryana) LT-Debt-to-Total-Asset Related Terms

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Coventry Coil-O-Matic (Haryana) (BOM:523415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Coventry Coil-O-Matic (Haryana) Ltd (BOM:523415) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 KM, Delhi – Jaipur Road (NH-8), Village Salawas, PO Sangwari, Rewari, HR, IND, 123 401

Website

https://www.coilomatic.com

Coventry Coil-O-Matic (Haryana) Ltd is engaged in the manufacturing of Auto Suspension Springs as well as Power Brake Actuator Springs for Commercial Vehicles. It also offers barrel, conical, hour-glass, pig-tail clutches, circuit breakers, dampers, dies, motors, pressure switches, pressure plates, trunk lid, door checker, hinges, engine valves, and ejectors. The Company is primarily engaged in the manufacturing of Cold-Formed Coil Springs. Geographically it operates through the region of India.

Coventry Coil-O-Matic (Haryana) (BOM:523415) Headlines

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