JNK India (BOM:544167) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is JNK India 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. JNK India's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

JNK India's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Sep. 2024 (0.02). It may suggest that JNK India is progressively becoming less dependent on debt to grow their business.

JNK India LT-Debt-to-Total-Asset Historical Data

The historical data trend for JNK India'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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JNK India LT-Debt-to-Total-Asset Chart

JNK India Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.02

0.04

0.03

JNK India Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	-	-	-	0.02

JNK India LT-Debt-to-Total-Asset Calculation

JNK India'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 )
	=	112.89	/	3377.75
	=	0.03

JNK India'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 )
	=	134.97	/	7863.1
	=	0.02

JNK India (BOM:544167) 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.

JNK India LT-Debt-to-Total-Asset Related Terms

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JNK India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JNK India Ltd (BOM:544167) » Definitions » LT-Debt-to-Total-Asset

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JNKINDIA:India

Address

Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Near Satkar Hotel, Thane -West, Thane, Mumbai, MH, IND, 400 604

Website

https://www.jnkindia.com

JNK India Ltd is in the business of manufacturing the process fired heaters, reformers and cracking furnaces (together, the Heating Equipment) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. It has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces.

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