Palco Metals (BOM:539121) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Palco Metals 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. Palco Metals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Palco Metals's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.13). It may suggest that Palco Metals is progressively becoming more dependent on debt to grow their business.

Palco Metals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palco Metals'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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Palco Metals LT-Debt-to-Total-Asset Chart

Palco Metals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.12

0.09

0.06

0.13

Palco Metals 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															0.06	-	0.22	-	0.13

Palco Metals LT-Debt-to-Total-Asset Calculation

Palco Metals'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 )
	=	86.058	/	684.723
	=	0.13

Palco Metals'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 )
	=	86.058	/	684.723
	=	0.13

Palco Metals (BOM:539121) 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.

Palco Metals LT-Debt-to-Total-Asset Related Terms

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Palco Metals (BOM:539121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palco Metals Ltd (BOM:539121) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

CTM- Ramol Road, Block No. 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, Ramol, Ahmedabad, GJ, IND, 382449

Website

http://www.palcometals.com

Palco Metals Ltd is an India-based company. The company is engaged in manufacturing wire rods of various grades, conductors, and cables. Its product includes Aluminum Ingot; Aluminum Notch Bar; Aluminum Cubes; Aluminum Shots; Aluminum Powder; Aluminum Alloys; EC Grade Wire Rod; Alloy Grade for Conductors; Commercial Alloys Grade Wire Rod for Steel Plants; All Aluminum Conductor (AAC); Aluminum Conductor Steel Reinforced (ACSR) Conductor; All Aluminum Alloy Conductor (AAAC); PALCO PVC Cables; Industrial Power Cables; House Wiring Cables; Industrial Control Cables; FRLS (flame retardant low smoke cables) Cables; Flexible Cables; Flat Cables and XLPE Cables.

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