Sai Swami Metals & Alloys (BOM:544170) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Sai Swami Metals & Alloys 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. Sai Swami Metals & Alloys's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Sai Swami Metals & Alloys's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Sep. 2024 (0.01). It may suggest that Sai Swami Metals & Alloys is progressively becoming less dependent on debt to grow their business.

Sai Swami Metals & Alloys LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sai Swami Metals & Alloys'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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Sai Swami Metals & Alloys LT-Debt-to-Total-Asset Chart

Sai Swami Metals & Alloys Annual Data

Trend

Mar23

LT-Debt-to-Total-Asset

0.04

Sai Swami Metals & Alloys Semi-Annual Data
	Mar23	Sep23	Sep24
LT-Debt-to-Total-Asset	0.04	0.03	0.01

Sai Swami Metals & Alloys LT-Debt-to-Total-Asset Calculation

Sai Swami Metals & Alloys'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 )
	=	10.209	/	258.316
	=	0.04

Sai Swami Metals & Alloys'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 )
	=	6.033	/	424.188
	=	0.01

Sai Swami Metals & Alloys (BOM:544170) 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.

Sai Swami Metals & Alloys LT-Debt-to-Total-Asset Related Terms

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Sai Swami Metals & Alloys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sai Swami Metals & Alloys Ltd (BOM:544170) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

05, Harekrishana Industrial Estate Bakrol, Daskroi, Ahmedabad, GJ, IND, 382430

Website

https://www.saiswamimetals.com

Sai Swami Metals & Alloys Ltd is involved in the trading and marketing of a comprehensive array of stainless steel products. Its product range includes kitchenware, including Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various types of utensils. Also engaged in trading of basic raw material like S.S. Patta, S.S. Sheet, S.S. Coil, S.S. Scrap, S.S. Pipe, M.S. Round (Mild Steel Round) and M.S. beam.

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