Shivam Chemicals (BOM:544165) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Shivam 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. Shivam Chemicals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Shivam Chemicals's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Sep. 2024 (0.08). It may suggest that Shivam Chemicals is progressively becoming less dependent on debt to grow their business.

Shivam Chemicals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shivam 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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Shivam Chemicals LT-Debt-to-Total-Asset Chart

Shivam Chemicals Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.01

0.22

0.12

Shivam Chemicals Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.22	-	0.14	0.12	0.08

Shivam Chemicals LT-Debt-to-Total-Asset Calculation

Shivam Chemicals'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 )
	=	49.276	/	409.626
	=	0.12

Shivam Chemicals'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 )
	=	45.797	/	569.676
	=	0.08

Shivam Chemicals (BOM:544165) 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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Shivam Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shivam Chemicals Ltd (BOM:544165) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

N.S.Phadke Marg, Office No. 108, 1st Floor, Hubtown Solaris, Saiwadi, Andheri (E), Mumbai, MH, IND, 400069

Website

https://www.shivamchem.com

Shivam Chemicals Ltd is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor. Its products include Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc.

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