Gabriel Pet Straps (BOM:544108) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is Gabriel Pet Straps 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. Gabriel Pet Straps's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Gabriel Pet Straps's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.29). It may suggest that Gabriel Pet Straps is progressively becoming more dependent on debt to grow their business.

Gabriel Pet Straps LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gabriel Pet Straps'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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Gabriel Pet Straps LT-Debt-to-Total-Asset Chart

Gabriel Pet Straps Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.45

0.23

0.17

Gabriel Pet Straps Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.45	0.23	0.26	0.17	0.29

Gabriel Pet Straps LT-Debt-to-Total-Asset Calculation

Gabriel Pet Straps'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 )
	=	23.414	/	139.442
	=	0.17

Gabriel Pet Straps'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 )
	=	47.051	/	162.27
	=	0.29

Gabriel Pet Straps (BOM:544108) 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.

Gabriel Pet Straps LT-Debt-to-Total-Asset Related Terms

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Gabriel Pet Straps Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gabriel Pet Straps Ltd (BOM:544108) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paddhari Bypass, Jamnagar Highway, Plot No. 23, Radhe Industrial Area, Behind Reliance Petrol Pump, Paddhari, Rajkot, GJ, IND, 360110

Website

https://www.gabrielpetstraps.com

Gabriel Pet Straps Ltd is engaged in the manufacturing and selling of Pet Straps under the brand name of 'Gabriel' which is widely used in the packaging of heavy materials. It produces Pet Straps from 9mm to 32mm in width and thickness ranging from 0.5mm to 1.27mm. It also offers customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth, etc.

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