Centenial Surgical Suture (BOM:531380) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Centenial Surgical Suture 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. Centenial Surgical Suture's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Centenial Surgical Suture's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.00). It may suggest that Centenial Surgical Suture is progressively becoming less dependent on debt to grow their business.

Centenial Surgical Suture LT-Debt-to-Total-Asset Historical Data

The historical data trend for Centenial Surgical Suture'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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Centenial Surgical Suture LT-Debt-to-Total-Asset Chart

Centenial Surgical Suture Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.08

0.07

Centenial Surgical Suture 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															0.07	-	-	-	-

Centenial Surgical Suture LT-Debt-to-Total-Asset Calculation

Centenial Surgical Suture'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 )
	=	0	/	791.521
	=	0.00

Centenial Surgical Suture'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 )
	=	0	/	791.521
	=	0.00

Centenial Surgical Suture (BOM:531380) 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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Centenial Surgical Suture (BOM:531380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Centenial Surgical Suture Ltd (BOM:531380) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

F-29, MIDC, Murbad, Thane, MH, IND, 421401

Website

https://www.centenialindia.com

Centenial Surgical Suture Ltd is an India-based company engaged in manufacturing, marketing, and selling quality atraumatic needles and sutures; absorbable - synthetic/natural (catgut plain and chromic); non-absorbable sutures; and other medical devices approved and licensed by Food and Drug Administration (FDA). The company's only segment is manufacturing and sale of Medical Devices. The company sells its products in India and also exports internationally; generating a vast majority of the revenue within India.

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