Al-Haj Textile Mills (DHA:AL-HAJTEX) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2023)

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What is Al-Haj Textile Mills 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. Al-Haj Textile Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.21.

Al-Haj Textile Mills's long-term debt to total assets ratio increased from Mar. 2022 (0.19) to Mar. 2023 (0.21). It may suggest that Al-Haj Textile Mills is progressively becoming more dependent on debt to grow their business.

Al-Haj Textile Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al-Haj Textile Mills'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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Al-Haj Textile Mills LT-Debt-to-Total-Asset Chart

Al-Haj Textile Mills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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0.24

0.16

0.19

Al-Haj Textile Mills Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.20	0.20	0.21

Al-Haj Textile Mills LT-Debt-to-Total-Asset Calculation

Al-Haj Textile Mills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	175.467	/	931.642
	=	0.19

Al-Haj Textile Mills's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	198.274	/	935.003
	=	0.21

Al-Haj Textile Mills (DHA:AL-HAJTEX) 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.

Al-Haj Textile Mills LT-Debt-to-Total-Asset Related Terms

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Al-Haj Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Al-Haj Textile Mills Ltd (DHA:AL-HAJTEX) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000

Website

https://www.alhajtextilemills.com

Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

Al-Haj Textile Mills Headlines

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