Chandni Machines (BOM:542627) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Chandni Machines 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. Chandni Machines's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Chandni Machines's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Chandni Machines is progressively becoming less dependent on debt to grow their business.

Chandni Machines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chandni Machines'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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Chandni Machines LT-Debt-to-Total-Asset Chart

Chandni Machines Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Chandni Machines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	0.01	-	-

Chandni Machines LT-Debt-to-Total-Asset Calculation

Chandni Machines'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 )
	=	1.072	/	168.018
	=	0.01

Chandni Machines'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 )
	=	0.333	/	230.559
	=	0.00

Chandni Machines (BOM:542627) 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.

Chandni Machines LT-Debt-to-Total-Asset Related Terms

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Chandni Machines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Chandni Machines Ltd (BOM:542627) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

52 S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cml.net.in

Chandni Machines Ltd is engaged in the trading of engineering goods and related items. It is involved in the business of manufacturing, buying, selling, reselling, importing, exporting all kinds of injection moulding machines. It offers Plastic and rubber machinery, Metal working, Machinery handling and Testing equipment. In addition, it also provides after-sales service through qualified professional technical persons. The group primarily operates in India.

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