RR Metalmakers India (BOM:531667) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is RR Metalmakers India 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. RR Metalmakers India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

RR Metalmakers India's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.08). It may suggest that RR Metalmakers India is progressively becoming more dependent on debt to grow their business.

RR Metalmakers India LT-Debt-to-Total-Asset Historical Data

The historical data trend for RR Metalmakers India'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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RR Metalmakers India LT-Debt-to-Total-Asset Chart

RR Metalmakers India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.54

0.04

0.03

0.08

RR Metalmakers India 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															0.03	-	-	-	0.08

RR Metalmakers India LT-Debt-to-Total-Asset Calculation

RR Metalmakers India'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 )
	=	39.158	/	485.883
	=	0.08

RR Metalmakers India'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 )
	=	39.158	/	485.883
	=	0.08

RR Metalmakers India (BOM:531667) 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.

RR Metalmakers India LT-Debt-to-Total-Asset Related Terms

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RR Metalmakers India (BOM:531667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » RR Metalmakers India Ltd (BOM:531667) » Definitions » LT-Debt-to-Total-Asset

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Address

93/95, Kazi Sayed Street, 2nd Floor, Sugar House, Masjid Bunder West, Mumbai, MH, IND, 400 003

Website

https://www.rrmetalmakers.com

RR Metalmakers India Ltd is engaged in the trading business of Steel and Iron Ores segments. It offers ERW PIPES, PPGI COLOUR COILS, PPGI courrgated profile sheets, Galvanised G.P. coils/sheets, Galvanised corrugated sheets, Hot Rolled Steel Coils / Sheets, etc. The company operates in two segments which are the Trade and manufacturing of Iron Ores and Steel. It generates key revenue from Steel and Iron Ores Trading.

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