SAL Automotive (BOM:539353) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is SAL Automotive 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. SAL Automotive's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

SAL Automotive's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.02). It may suggest that SAL Automotive is progressively becoming less dependent on debt to grow their business.

SAL Automotive LT-Debt-to-Total-Asset Historical Data

The historical data trend for SAL Automotive'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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SAL Automotive LT-Debt-to-Total-Asset Chart

SAL Automotive Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.03

0.09

0.02

SAL Automotive 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															0.09	-	0.07	-	0.02

SAL Automotive LT-Debt-to-Total-Asset Calculation

SAL Automotive'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 )
	=	18.1	/	1121.3
	=	0.02

SAL Automotive'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 )
	=	18.1	/	1121.3
	=	0.02

SAL Automotive (BOM:539353) 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.

SAL Automotive LT-Debt-to-Total-Asset Related Terms

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SAL Automotive (BOM:539353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAL Automotive Ltd (BOM:539353) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

C-127, IV Floor, Satguru Infotech, Industrial Area, Phase VIII, S.A.S. Nagar, Mohali, PB, IND, 160071

Website

https://www.salautomotive.in

SAL Automotive Ltd is an India-based company engaged in the manufacturing and supplying of Automotive Components. Its products include Tractor Seats, LCV BUS and Railway Coach Seat, Recliners, Rotavators, and Tractor-Trailer among others. The company business covers two business segments Automobile Components and Agriculture Implements. It generates maximum revenue from the Agriculture Implements segment.

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