Shri Venkatesh Refineries (BOM:543373) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Shri Venkatesh Refineries 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. Shri Venkatesh Refineries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Shri Venkatesh Refineries's long-term debt to total assets ratio increased from Sep. 2023 (0.13) to Sep. 2024 (0.15). It may suggest that Shri Venkatesh Refineries is progressively becoming more dependent on debt to grow their business.

Shri Venkatesh Refineries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shri Venkatesh Refineries'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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Shri Venkatesh Refineries LT-Debt-to-Total-Asset Chart

Shri Venkatesh Refineries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.23

0.26

0.25

0.15

Shri Venkatesh Refineries Quarterly Data
	Mar19	Mar20	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													0.13	0.12	0.15	0.15	0.15

Shri Venkatesh Refineries LT-Debt-to-Total-Asset Calculation

Shri Venkatesh Refineries'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 )
	=	351.822	/	2369.825
	=	0.15

Shri Venkatesh Refineries'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 )
	=	438.211	/	2939.842
	=	0.15

Shri Venkatesh Refineries (BOM:543373) 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.

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Shri Venkatesh Refineries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shri Venkatesh Refineries Ltd (BOM:543373) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No.16, Umarde Village, At Post Erandol, Jalgaon, MH, IND, 425109

Website

http://www.richsoya.in

Shri Venkatesh Refineries Ltd is an edible oil refining company in Maharashtra under the brand name, Rich Soya. It undertakes the refining and preservation of Edible oils. It is further engaged in the trading activities of soyabean oil, palm oil, cotton seed oil and sunflower oil. Its reportable business segment is the Manufacturing and Trading of Refined Oil and Raw Oil.

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