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Shiva Cement (BOM:532323) LT-Debt-to-Total-Asset : 0.71 (As of Sep. 2024)


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What is Shiva Cement 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. Shiva Cement's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.71.

Shiva Cement's long-term debt to total assets ratio declined from Sep. 2023 (0.74) to Sep. 2024 (0.71). It may suggest that Shiva Cement is progressively becoming less dependent on debt to grow their business.


Shiva Cement LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shiva Cement'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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Shiva Cement LT-Debt-to-Total-Asset Chart

Shiva Cement Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.47 0.78 0.78 0.86

Shiva Cement Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 - 0.86 - 0.71

Shiva Cement LT-Debt-to-Total-Asset Calculation

Shiva Cement'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 )
=13324.476/15416.348
=0.86

Shiva Cement's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=12042.27/17077.545
=0.71

* 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.


Shiva Cement  (BOM:532323) 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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Shiva Cement Business Description

Traded in Other Exchanges
N/A
Address
Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-Sundargarh, Sundargarh, OR, IND, 770018
Shiva Cement Ltd is an India-based company engaged in the manufacturing and selling of cement and its allied products. The company caters to domestic markets. The company's products include Portland Slag Cement (PSC) and Portland pozzolana cement for general construction purposes, Clinker, and Limestone Chips.

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