NDR Auto Components (BOM:543214) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is NDR Auto Components 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. NDR Auto Components's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

NDR Auto Components's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.07). It may suggest that NDR Auto Components is progressively becoming less dependent on debt to grow their business.

NDR Auto Components LT-Debt-to-Total-Asset Historical Data

The historical data trend for NDR Auto Components'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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NDR Auto Components LT-Debt-to-Total-Asset Chart

NDR Auto Components Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.05

0.09

0.07

NDR Auto Components 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															0.09	-	0.07	-	0.07

NDR Auto Components LT-Debt-to-Total-Asset Calculation

NDR Auto Components'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 )
	=	266.111	/	3962.315
	=	0.07

NDR Auto Components'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 )
	=	306.167	/	4201.695
	=	0.07

NDR Auto Components (BOM:543214) 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.

NDR Auto Components LT-Debt-to-Total-Asset Related Terms

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NDR Auto Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NDR Auto Components Ltd (BOM:543214) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NDRAUTO:India

Address

Plot No.1, Maruti Joint Venture Complex, Gurugram, HR, IND, 122015

Website

https://www.ndrauto.com

NDR Auto Components Ltd is a manufacturer of seat frames and seat trims for passenger and utility vehicles. The company's product range includes seat frames and trims for a four-wheeler, two-wheeler, and BIW Parts. Geographically, the company operates only in India.

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