Vaswani Industries (BOM:533576) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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

Vaswani Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.08). It may suggest that Vaswani Industries is progressively becoming more dependent on debt to grow their business.

Vaswani Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vaswani Industries'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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Vaswani Industries LT-Debt-to-Total-Asset Chart

Vaswani Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.04

0.07

0.05

0.08

Vaswani Industries 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															0.05	-	0.04	-	0.08

Vaswani Industries LT-Debt-to-Total-Asset Calculation

Vaswani Industries'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 )
	=	147.246	/	1888.169
	=	0.08

Vaswani Industries'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 )
	=	147.246	/	1888.169
	=	0.08

Vaswani Industries (BOM:533576) 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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Vaswani Industries (BOM:533576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vaswani Industries Ltd (BOM:533576) » Definitions » LT-Debt-to-Total-Asset

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VASWANI:India

Address

Bahesar Road, Near cycle Park, Village Sondra, Phase II, Industrial Area, Siltara, Raipur, CT, IND, 493 221

Website

http://www.vaswaniindustries.com

Vaswani Industries Ltd is engaged in the business of manufacturing and trading of Sponge Iron, Steel Billets, HB Wires, Iron Ore Pellets and generation of Power. Its business segments are Iron and steel; Power; Real estate and Agri division, of which key revenue is derived from the Iron and Steel segment. The company sells its products within India.

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