Indong Tea Co (BOM:543769) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Indong Tea Co 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. Indong Tea Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Indong Tea Co's long-term debt to total assets ratio increased from Sep. 2023 (0.04) to Sep. 2024 (0.05). It may suggest that Indong Tea Co is progressively becoming more dependent on debt to grow their business.

Indong Tea Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Indong Tea Co'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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Indong Tea Co LT-Debt-to-Total-Asset Chart

Indong Tea Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.40

0.25

0.07

0.11

0.05

Indong Tea Co Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.12	0.11	0.04	0.05	0.05

Indong Tea Co LT-Debt-to-Total-Asset Calculation

Indong Tea Co'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 )
	=	35.47	/	659.736
	=	0.05

Indong Tea Co'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 )
	=	36.712	/	694.553
	=	0.05

Indong Tea Co (BOM:543769) 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.

Indong Tea Co LT-Debt-to-Total-Asset Related Terms

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Indong Tea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indong Tea Co Ltd (BOM:543769) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4/1, Middleton Street, 5th Floor, Sikkim Commerce House, Kolkata, WB, IND, 700071

Website

https://www.indongteaco.com

Indong Tea Co Ltd is involved in cultivating, manufacturing, and selling tea. The company's main business is the production of tea, which is sold through auction centers and as bulk or private sales. Their product portfolio includes CTC (Crush/Cut, Tear, Curl) Black Tea, and a Dairy Unit.

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