Manaksia Coated Metals & Industries (BOM:539046) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Manaksia Coated Metals & 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. Manaksia Coated Metals & Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Manaksia Coated Metals & Industries's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.11). It may suggest that Manaksia Coated Metals & Industries is progressively becoming more dependent on debt to grow their business.

Manaksia Coated Metals & Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Manaksia Coated Metals & 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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Manaksia Coated Metals & Industries LT-Debt-to-Total-Asset Chart

Manaksia Coated Metals & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.16

0.14

0.11

Manaksia Coated Metals & Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.14	0.14	-	0.11

Manaksia Coated Metals & Industries LT-Debt-to-Total-Asset Calculation

Manaksia Coated Metals & 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 )
	=	601.799	/	5371.547
	=	0.11

Manaksia Coated Metals & 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 )
	=	601.799	/	5371.547
	=	0.11

Manaksia Coated Metals & Industries (BOM:539046) 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.

Manaksia Coated Metals & Industries LT-Debt-to-Total-Asset Related Terms

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Manaksia Coated Metals & Industries (BOM:539046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Manaksia Coated Metals & Industries Ltd (BOM:539046) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MANAKCOAT:India

Address

Road No. 14, Banjara Hills, Plot No. 15, Navodaya Colony, Hyderabad, TG, IND, 500034

Website

https://www.manaksiacoatedmetals.com

Manaksia Coated Metals & Industries Ltd is engaged in the manufacturing of Mosquito Repellent Coils and value-added secondary metal products like Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets. It operates in two segments including Metal Products; and others. The metal products segment, which is the key revenue driver, includes colour-coated (pre-painted) steel and aluminum sheets and coils. Geographically, it has operations in India as well as overseas. Its products are Colour Coated Metal Sheets & Coils, Galvanised Steel Sheets & Coils, Mosquito Repellent Coils, Ultramarine Blue Powder, and Agro Products. It sells products under brands such as Color Strong, Zingalvo, Singham, and Brochures.

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