Ruby Cables (BOM:539836) LT-Debt-to-Total-Asset: 0.11 (As of Mar. 2017)

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What is Ruby Cables LT-Debt-to-Total-Asset?

Ruby Cables BOM:539836 LT-Debt-to-Total-Asset is 0.11 as of Mar. 2017.

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. Ruby Cables's long-term debt to total assests ratio for the quarter that ended in Mar. 2017 was 0.11.

Ruby Cables's long-term debt to total assets ratio declined from Mar. 2016 (0.15) to Mar. 2017 (0.11). It may suggest that Ruby Cables is progressively becoming less dependent on debt to grow their business.

Ruby Cables  (BOM:539836) 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.

Ruby Cables LT-Debt-to-Total-Asset Related Terms

Ruby Cables LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Ruby Cables'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.

Ruby Cables LT-Debt-to-Total-Asset Chart

Ruby Cables Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.17 0.22 0.23 0.15 0.11

Ruby Cables Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Sep15 Mar16 Sep16 Mar17
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only 0.23 0.16 0.15 0.17 0.11

Ruby Cables LT-Debt-to-Total-Asset Calculation

Ruby Cables's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2017 is calculated as

LT Debt to Total Assets (A: Mar. 2017 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2017 )/Total Assets (A: Mar. 2017 )
=27.7/263.504
=0.11

Ruby Cables's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2017 is calculated as

LT Debt to Total Assets (Q: Mar. 2017 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2017 )/Total Assets (Q: Mar. 2017 )
=27.7/263.504
=0.11

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.11 mean?
Ruby Cables (BOM:539836) has a LT-Debt-to-Total-Asset of 0.11 as of Mar. 2017. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Ruby Cables and its competitors.
Is Ruby Cables' LT-Debt-to-Total-Asset too high?
Ruby Cables' current LT-Debt-to-Total-Asset is 0.11.
How does Ruby Cables' LT-Debt-to-Total-Asset compare to TNLX and MFCO?
Ruby Cables' LT-Debt-to-Total-Asset of 0.11 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Industrial Products company?
A good LT-Debt-to-Total-Asset depends on the Industrial Products industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Ruby Cables and its competitors. Ruby Cables's current LT-Debt-to-Total-Asset is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruby Cables stock overvalued right now?
Ruby Cables (BOM:539836) has a current LT-Debt-to-Total-Asset of 0.11. The current LT-Debt-to-Total-Asset is 0.11. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Ruby Cables (BOM:539836), the current LT-Debt-to-Total-Asset is 0.11 as of Mar. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ruby Cables Business Description

Address 15, G.I.D.C., Manjusar, Taluk Savli, Vadodara, GJ, IND, 391775
Ruby Cables Ltd is the manufacturer of all types of polyvinyl chloride/chemically cross-linked polyethylene Foam(PVC/XLPE) insulated low tension wires and cables. The company also manufactures all aluminium conductors(AAC), all aluminium alloy conductors(AAAC), aluminium conductor steel reinforced cable(ACSR) and aerial bunch cables. The company is based in India.