Magadh Sugar & Energy (BOM:540650) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Magadh Sugar & Energy 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. Magadh Sugar & Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Magadh Sugar & Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.05). It may suggest that Magadh Sugar & Energy is progressively becoming less dependent on debt to grow their business.

Magadh Sugar & Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magadh Sugar & Energy'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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Magadh Sugar & Energy LT-Debt-to-Total-Asset Chart

Magadh Sugar & Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.06

0.10

0.09

0.05

Magadh Sugar & Energy 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	-	0.10	-	0.05

Magadh Sugar & Energy LT-Debt-to-Total-Asset Calculation

Magadh Sugar & Energy'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 )
	=	724.849	/	16110.731
	=	0.04

Magadh Sugar & Energy'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 )
	=	724.849	/	16110.731
	=	0.04

Magadh Sugar & Energy (BOM:540650) 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.

Magadh Sugar & Energy LT-Debt-to-Total-Asset Related Terms

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Magadh Sugar & Energy (BOM:540650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Magadh Sugar & Energy ltd (BOM:540650) » Definitions » LT-Debt-to-Total-Asset

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MAGADSUGAR:India

Address

9/1, R.N. Mukherjee Road, Birla Building, 5th Floor, Kolkata, WB, IND, 700 001

Website

http://www.birla-sugar.com

Magadh Sugar & Energy ltd is engaged in the business of sugar and its by-products. The company operates through the following business segments: Sugar, Distillery, and Co-generation. The product portfolio of the company includes sugar, molasses, industrial alcohol and ethanol, canned food, and fruit products.

Magadh Sugar & Energy (BOM:540650) Headlines

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