Bharat Textiles & Proofing Industries (BOM:531029) LT-Debt-to-Total-Asset : 0.49 (As of Mar. 2024)

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What is Bharat Textiles & Proofing Industries 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. Bharat Textiles & Proofing Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.49.

Bharat Textiles & Proofing Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Mar. 2024 (0.49). It may suggest that Bharat Textiles & Proofing Industries is progressively becoming less dependent on debt to grow their business.

Bharat Textiles & Proofing Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bharat Textiles & Proofing Industries'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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Bharat Textiles & Proofing Industries LT-Debt-to-Total-Asset Chart

Bharat Textiles & Proofing Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.56

0.51

0.50

0.49

Bharat Textiles & Proofing Industries 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															0.50	-	0.51	-	0.49

Bharat Textiles & Proofing Industries LT-Debt-to-Total-Asset Calculation

Bharat Textiles & Proofing Industries'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 )
	=	72.433	/	148.263
	=	0.49

Bharat Textiles & Proofing Industries'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 )
	=	72.433	/	148.263
	=	0.49

Bharat Textiles & Proofing Industries (BOM:531029) 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.

Bharat Textiles & Proofing Industries LT-Debt-to-Total-Asset Related Terms

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Bharat Textiles & Proofing Industries (BOM:531029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bharat Textiles & Proofing Industries Ltd (BOM:531029) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Old 43, New 64, Sattanna Naicken Street, Lane Adjacent to Natraj Theatre, Behind Angallamman Koil Backside, Choolai, Chennai, TN, IND, 600112

Website

https://www.bharatcanvas.com

Bharat Textiles & Proofing Industries Ltd is an India-based company. It is involved in the manufacturing and marketing of cotton canvas. It also manufactures tarpaulin. The company products include Truck Covers; Grey cotton canvas/duck; Polyester-Cotton, Chemically processed canvas; Waterproof, Rot proofed canvas; Fire Retardant Canvas; Army ducks and Number ducks; Relief Tents; Bags, Tents, Sleeping Bag Materials and others. It operates only in India.

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