Celebrity Fashions (BOM:532695) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Celebrity Fashions 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. Celebrity Fashions's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Celebrity Fashions's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.14). It may suggest that Celebrity Fashions is progressively becoming less dependent on debt to grow their business.

Celebrity Fashions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Celebrity Fashions'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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Celebrity Fashions LT-Debt-to-Total-Asset Chart

Celebrity Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.04

0.07

0.11

Celebrity Fashions 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															0.15	-	0.11	-	0.14

Celebrity Fashions LT-Debt-to-Total-Asset Calculation

Celebrity Fashions'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 )
	=	153.4	/	1426.3
	=	0.11

Celebrity Fashions'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 )
	=	174.7	/	1250.8
	=	0.14

Celebrity Fashions (BOM:532695) 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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Celebrity Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Celebrity Fashions Ltd (BOM:532695) » Definitions » LT-Debt-to-Total-Asset

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CELEBRITY:India

Address

SDF-IV and C2, 3rd Main Road, MEPZ SEZ, Tambaram, Chennai, TN, IND, 600045

Website

https://www.celebritygroup.com

Celebrity Fashions Ltd is a textile garments and clothing accessories manufacturing company. It manufactures and exports garments to the reputed multinational brand. The company sells its products within India and in other International countries. The firm also provides CADD for plaids and prints, trend analysis, and lifestyle presentation services. It generates the majority of its revenue from outside India.

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