Enkei Wheels (India) (BOM:533477) LT-Debt-to-Total-Asset : 0.21 (As of Jun. 2024)

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What is Enkei Wheels (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. Enkei Wheels (India)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.21.

Enkei Wheels (India)'s long-term debt to total assets ratio declined from Jun. 2023 (0.22) to Jun. 2024 (0.21). It may suggest that Enkei Wheels (India) is progressively becoming less dependent on debt to grow their business.

Enkei Wheels (India) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enkei Wheels (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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Enkei Wheels (India) LT-Debt-to-Total-Asset Chart

Enkei Wheels (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.29

0.23

0.21

Enkei Wheels (India) Quarterly Data
	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	-	0.21	-	0.21

Enkei Wheels (India) LT-Debt-to-Total-Asset Calculation

Enkei Wheels (India)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1129.13	/	5335.54
	=	0.21

Enkei Wheels (India)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1232.06	/	5868.16
	=	0.21

Enkei Wheels (India) (BOM:533477) 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.

Enkei Wheels (India) LT-Debt-to-Total-Asset Related Terms

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Enkei Wheels (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Enkei Wheels (India) Ltd (BOM:533477) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Gat No. 1425, Village Shikrapur, Taluka Shirur, Pune, IND, 412208

Website

http://www.enkei.in

Enkei Wheels (India) Ltd is involved in the manufacturing of aluminum alloy casting wheels for two-wheelers as well as four-wheelers. The company only operating business segment that is Automotive Wheels. It sells its product in two forms that are manufactured goods; which consist of wheels for two and four-wheeler vehicles, and traded goods; which include wheels for four-wheelers and accessories.

Enkei Wheels (India) Headlines

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