TPL Plastech (BOM:526582) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is TPL Plastech 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. TPL Plastech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

TPL Plastech's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.07). It may suggest that TPL Plastech is progressively becoming less dependent on debt to grow their business.

TPL Plastech LT-Debt-to-Total-Asset Historical Data

The historical data trend for TPL Plastech'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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TPL Plastech LT-Debt-to-Total-Asset Chart

TPL Plastech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.02

0.04

0.10

0.07

TPL Plastech 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	-	0.08	-	0.07

TPL Plastech LT-Debt-to-Total-Asset Calculation

TPL Plastech'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 )
	=	157.335	/	2318.078
	=	0.07

TPL Plastech'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 )
	=	157.335	/	2318.078
	=	0.07

TPL Plastech (BOM:526582) 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.

TPL Plastech LT-Debt-to-Total-Asset Related Terms

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TPL Plastech (BOM:526582) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TPL Plastech Ltd (BOM:526582) » Definitions » LT-Debt-to-Total-Asset

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TPLPLASTEH:India

Address

Andheri Kurla Road, 203, 2nd Floor, Centre Point, Near J B Nagar Chakala Metro Station, J B Nagar, , Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.tplplastech.in

TPL Plastech Ltd is a manufacturer of plastic drums in India. The company's product includes Narrow mouth drums; Narrow mouth and Wide Mouth Carboys; Open Top Drums - Bulk and Medium; QuBC and COBO IBC and small pack. The Company's operations fall under a single segment which is Polymer Products and all its business operations are in India.

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