Menon Pistons (BOM:531727) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Menon Pistons 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. Menon Pistons's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Menon Pistons's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Menon Pistons is progressively becoming less dependent on debt to grow their business.

Menon Pistons LT-Debt-to-Total-Asset Historical Data

The historical data trend for Menon Pistons'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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Menon Pistons LT-Debt-to-Total-Asset Chart

Menon Pistons Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.12

0.03

Menon Pistons 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	-	0.03	-	0.03

Menon Pistons LT-Debt-to-Total-Asset Calculation

Menon Pistons'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 )
	=	50	/	2026.006
	=	0.02

Menon Pistons'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 )
	=	50	/	2026.006
	=	0.02

Menon Pistons (BOM:531727) 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.

Menon Pistons LT-Debt-to-Total-Asset Related Terms

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Menon Pistons (BOM:531727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Pistons Ltd (BOM:531727) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

182, Shiroli, Kolhapur, MH, IND, 416122

Website

https://www.menonindia.in

Menon Pistons Ltd engages in the manufacturing and trade of automotive parts and components. It offers pistons, gudgeon pins; gallery cut section, and rings. The company's products include cooled gallery section, articulated and Kirloskar Copeland pistons, and others for commercial vehicles, tractors, passenger cars, and heavy duty stationery engines. It has only one segment of activity namely Automotive Component.

Menon Pistons (BOM:531727) Headlines

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