G M Polyplast (BOM:543239) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is G M Polyplast 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. G M Polyplast's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

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

G M Polyplast LT-Debt-to-Total-Asset Historical Data

The historical data trend for G M Polyplast'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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G M Polyplast LT-Debt-to-Total-Asset Chart

G M Polyplast Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.03

0.01

0.02

G M Polyplast Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.01	0.01	0.01	0.03	0.02

G M Polyplast LT-Debt-to-Total-Asset Calculation

G M Polyplast'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 )
	=	8.098	/	414.418
	=	0.02

G M Polyplast'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 )
	=	8.098	/	414.418
	=	0.02

G M Polyplast (BOM:543239) 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.

G M Polyplast LT-Debt-to-Total-Asset Related Terms

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G M Polyplast (BOM:543239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G M Polyplast Ltd (BOM:543239) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Kondiviti Road, Near Camlin, A/66, New Empire Industial Estate, JB Nagar andheri (East), Mumbai, MH, IND, 400059

Website

https://www.gmpolyplast.com

G M Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets, and Granules. The company's products include Sheet - ABS sheets, HIPS sheets, PET sheets, HDPE sheets, PP sheets, and ESD materials and Granule - PP granule, ABS granule, HIPS granule, & HDPE granules.

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