Royal Cushion Vinyl Products (BOM:526193) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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What is Royal Cushion Vinyl Products 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. Royal Cushion Vinyl Products's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

Royal Cushion Vinyl Products's long-term debt to total assets ratio declined from Sep. 2023 (3.32) to Sep. 2024 (0.17). It may suggest that Royal Cushion Vinyl Products is progressively becoming less dependent on debt to grow their business.

Royal Cushion Vinyl Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Royal Cushion Vinyl Products'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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Royal Cushion Vinyl Products LT-Debt-to-Total-Asset Chart

Royal Cushion Vinyl Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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9.83

9.34

8.71

8.73

0.20

Royal Cushion Vinyl Products 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															3.32	-	0.20	-	0.17

Royal Cushion Vinyl Products LT-Debt-to-Total-Asset Calculation

Royal Cushion Vinyl Products'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 )
	=	144.961	/	732.634
	=	0.20

Royal Cushion Vinyl Products'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 )
	=	131.415	/	759.855
	=	0.17

Royal Cushion Vinyl Products (BOM:526193) 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.

Royal Cushion Vinyl Products LT-Debt-to-Total-Asset Related Terms

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Royal Cushion Vinyl Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Royal Cushion Vinyl Products Ltd (BOM:526193) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Shlok, 60 CD, Government Industrial Estate, Charkop, Kandivli (West), Mumbai, MH, IND, 400 067

Website

https://www.rcvp.in

Royal Cushion Vinyl Products Ltd is an India-based company and manufacturer of PVC vinyl flooring products. It involves the Commercial flooring range, Residential flooring range, and Transport flooring range. The company offers a wide range of vinyl flooring used for households, offices, shops, health clubs, automobiles, and others.

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