Manoj Ceramic (BOM:544073) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Manoj Ceramic 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. Manoj Ceramic's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Manoj Ceramic's long-term debt to total assets ratio declined from Sep. 2023 (0.34) to Sep. 2024 (0.23). It may suggest that Manoj Ceramic is progressively becoming less dependent on debt to grow their business.

Manoj Ceramic LT-Debt-to-Total-Asset Historical Data

The historical data trend for Manoj Ceramic'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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Manoj Ceramic LT-Debt-to-Total-Asset Chart

Manoj Ceramic Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.39

0.24

0.30

0.26

Manoj Ceramic Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.24	0.30	0.34	0.26	0.23

Manoj Ceramic LT-Debt-to-Total-Asset Calculation

Manoj Ceramic'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 )
	=	273.583	/	1048.386
	=	0.26

Manoj Ceramic'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 )
	=	265.182	/	1158.777
	=	0.23

Manoj Ceramic (BOM:544073) 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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Manoj Ceramic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Manoj Ceramic Ltd (BOM:544073) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 2 to 8, Building No. 19-24, Indian Corporation Compound, Mankoli Naka, Bhiwandi, Anjur, Thane, MH, IND, 421302

Website

https://www.mcplworld.com

Manoj Ceramic Ltd is engaged in trading ceramic tiles and tile adhesive under its own brand "MCPL" through a dealer network, retail showrooms, wholesale (B2B), and exports. It specializes in two products: ceramic tiles and tile adhesive. Its segment includes the widest range of wall and floor tiles.

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