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Riddhi Steel and Tube (BOM:540082) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)


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What is Riddhi Steel and Tube 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. Riddhi Steel and Tube's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Riddhi Steel and Tube's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.19). It may suggest that Riddhi Steel and Tube is progressively becoming less dependent on debt to grow their business.


Riddhi Steel and Tube LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riddhi Steel and Tube'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.

* Premium members only.

Riddhi Steel and Tube LT-Debt-to-Total-Asset Chart

Riddhi Steel and Tube Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.41 0.29 0.24 0.21

Riddhi Steel and Tube Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.24 0.28 0.21 0.19

Riddhi Steel and Tube LT-Debt-to-Total-Asset Calculation

Riddhi Steel and Tube'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 )
=403.637/1966.052
=0.21

Riddhi Steel and Tube's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=356.256/1895.943
=0.19

* 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.


Riddhi Steel and Tube  (BOM:540082) 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.


Riddhi Steel and Tube LT-Debt-to-Total-Asset Related Terms

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Riddhi Steel and Tube Business Description

Traded in Other Exchanges
N/A
Address
Piplaj Pirana Road, 83/84, Village - Kamod, Opposite Devraj Industrial Park, Post- Aslali, Ahmedabad, GJ, IND, 382427
Riddhi Steel and Tube Ltd is engaged in manufacturing and galvanized steel pipes in various sizes, tubes, and hollow profiles and of tube and pipe fittings of cast iron or cast steel. The product line of the company includes MS ERW Black, Pre-Galvanised Pipes, and Galvanised Pipes which are used in agriculture, industry, and construction activities like scaffolding and casing in bore wells; Square and Rectangular Hollow Sections used in engineering applications; Pre-Galvanised Pipes used by various manufacturers. The company generates all of its revenue from Domestic sales.

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