J G Chemicals (BOM:544138) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is J G Chemicals 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. J G Chemicals's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

J G Chemicals's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.02). It may suggest that J G Chemicals is progressively becoming more dependent on debt to grow their business.

J G Chemicals LT-Debt-to-Total-Asset Historical Data

The historical data trend for J G Chemicals'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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J G Chemicals LT-Debt-to-Total-Asset Chart

J G Chemicals Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.03

0.02

J G Chemicals Quarterly Data
	Mar21	Mar22	Mar23	Dec23
LT-Debt-to-Total-Asset	0.03	0.02	0.02	0.02

J G Chemicals LT-Debt-to-Total-Asset Calculation

J G Chemicals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	67.16	/	2977.9
	=	0.02

J G Chemicals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	45.92	/	2712.62
	=

J G Chemicals (BOM:544138) 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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J G Chemicals (BOM:544138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » J G Chemicals Ltd (BOM:544138) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

JGCHEM:India

Address

Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, CK Market, North 24 Parganas, Saltlake, Bidhan Nagar, WB, IND, 700091

Website

https://www.jgchem.com

J G Chemicals Ltd is a zinc oxide manufacturer company. It sells over 80 grades of zinc oxide and has products that cater to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas, and animal feed.

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