Vinayak Polycon International (BOM:534639) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Vinayak Polycon International 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. Vinayak Polycon International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Vinayak Polycon International's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.11). It may suggest that Vinayak Polycon International is progressively becoming less dependent on debt to grow their business.

Vinayak Polycon International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vinayak Polycon International'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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Vinayak Polycon International LT-Debt-to-Total-Asset Chart

Vinayak Polycon International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.12

0.11

Vinayak Polycon International 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															0.14	-	0.11	-	0.11

Vinayak Polycon International LT-Debt-to-Total-Asset Calculation

Vinayak Polycon International'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 )
	=	11.23	/	104.268
	=	0.11

Vinayak Polycon International'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 )
	=	11.23	/	99.173
	=	0.11

Vinayak Polycon International (BOM:534639) 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.

Vinayak Polycon International LT-Debt-to-Total-Asset Related Terms

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Vinayak Polycon International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Vinayak Polycon International Ltd (BOM:534639) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

29, Station Road, 312, Navjeevan Complex, Jaipur, RJ, IND, 302006

Website

https://www.vinayakpolycon.com

Vinayak Polycon International Ltd is engaged in the business of plastic bottles, jars and containers in India. Principally, it provides packaging solutions in the field of Polyethylene terephthalate (PET). Its primary activity involves the production of plastic containers and closures. The company manufactures and trades PET items, such as PET bottles, PET jars, PET preforms, caps, and lids.

Vinayak Polycon International Headlines

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