Jigar Cables (BOM:540651) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Jigar Cables 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. Jigar Cables's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Jigar Cables's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.02). It may suggest that Jigar Cables is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Jigar 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.

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

Jigar Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.07

0.03

0.01

Jigar Cables Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	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															0.03	0.01	0.01	-	0.02

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

Jigar Cables'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 )
	=	0.41	/	253.775
	=	0.00

Jigar Cables'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 )
	=	6.037	/	269.416
	=	0.02

Jigar Cables (BOM:540651) 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.

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

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Jigar Cables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jigar Cables Ltd (BOM:540651) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Plot No. 164/14 and 15, G.I.D.C.- 2, Jamwadi, District Rajkot, Gondal, GJ, IND, 360311

Website

https://www.sigmacab.com

Jigar Cables Ltd is the manufacturer of SIGMA brand electric wires and cables in India. It includes types of products such as single-core and multi-core flexible cables, industrial power and control cables, submersible flat cables, ariel bunched cables house wires and poly-insulated submersible connection cables. It serves industries such as Chemicals and Pharmaceuticals, Shipping and Marine, Automobiles, Hospitals, Mining, and many more.

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