AIK Pipes And Polymers (BOM:544072) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is AIK Pipes And Polymers 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. AIK Pipes And Polymers's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

AIK Pipes And Polymers's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that AIK Pipes And Polymers is progressively becoming more dependent on debt to grow their business.

AIK Pipes And Polymers LT-Debt-to-Total-Asset Historical Data

The historical data trend for AIK Pipes And Polymers'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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AIK Pipes And Polymers LT-Debt-to-Total-Asset Chart

AIK Pipes And Polymers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.04

0.05

0.10

0.04

AIK Pipes And Polymers Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.05	0.10	-	0.04	0.03

AIK Pipes And Polymers LT-Debt-to-Total-Asset Calculation

AIK Pipes And Polymers'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 )
	=	13.546	/	323.859
	=	0.04

AIK Pipes And Polymers'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 )
	=	10.96	/	342.561
	=	0.03

AIK Pipes And Polymers (BOM:544072) 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.

AIK Pipes And Polymers LT-Debt-to-Total-Asset Related Terms

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AIK Pipes And Polymers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » AIK Pipes And Polymers Ltd (BOM:544072) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gram Sayu, Plot No. 29, Govindam Industries Park, Govindgarh, Jaipur, RJ, IND, 303712

Website

https://www.aikpipes.com

AIK Pipes And Polymers Ltd is engaged in manufacturing of comprehensive range of HDPE (High density polyethylene) pipes, HDPE Fittings, MDPE (Medium density polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector.

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