Relicab Cable Manufacturing (BOM:539760) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Relicab Cable Manufacturing 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. Relicab Cable Manufacturing's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Relicab Cable Manufacturing's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.19). It may suggest that Relicab Cable Manufacturing is progressively becoming less dependent on debt to grow their business.

Relicab Cable Manufacturing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Relicab Cable Manufacturing'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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Relicab Cable Manufacturing LT-Debt-to-Total-Asset Chart

Relicab Cable Manufacturing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.14

0.23

0.19

Relicab Cable Manufacturing Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.24	0.19	0.26	0.19

Relicab Cable Manufacturing LT-Debt-to-Total-Asset Calculation

Relicab Cable Manufacturing'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 )
	=	64.131	/	339.744
	=	0.19

Relicab Cable Manufacturing'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 )
	=	64.131	/	339.744
	=	0.19

Relicab Cable Manufacturing (BOM:539760) 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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Relicab Cable Manufacturing (BOM:539760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Relicab Cable Manufacturing Ltd (BOM:539760) » Definitions » LT-Debt-to-Total-Asset

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Address

57/1,(4-B) Benslore Industrial Estate, Village Dunetha, Nani Daman, Daman, Daman, IND, 396210

Website

https://www.relicab.com

Relicab Cable Manufacturing Ltd is engaged in the manufacturing and exporting of wires and cables for varied industrial applications. The company offers wires and cables including armored or unarmored and single-core as well as multi-core flexible cables and power cables. Its product offering includes PVC Cables, Telephone Cables, Single Core Cables, Multicore Flexible Cables, Elevator Flat Cable, Copper Conductors, and other related products.

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