Alltex Industries (DHA:ALLTEX) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Alltex Industries 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. Alltex Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Alltex Industries's long-term debt to total assets ratio increased from Sep. 2022 (0.08) to Dec. 2023 (0.10). It may suggest that Alltex Industries is progressively becoming more dependent on debt to grow their business.

Alltex Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alltex Industries'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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Alltex Industries LT-Debt-to-Total-Asset Chart

Alltex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.36

0.09

0.11

0.09

0.11

Alltex Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.13	0.12	0.11	0.10

Alltex Industries LT-Debt-to-Total-Asset Calculation

Alltex Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	432.485	/	3847.982
	=	0.11

Alltex Industries'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 )
	=	378.849	/	3840.786
	=	0.10

Alltex Industries (DHA:ALLTEX) 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.

Alltex Industries LT-Debt-to-Total-Asset Related Terms

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Alltex Industries (DHA:ALLTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alltex Industries Ltd (DHA:ALLTEX) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Alltex Industrial Park, Ariabo, Barpa, Rupgonj, Narayangonj, BGD

Website

http://www.alltexbd.com

Alltex Industries Ltd engaged in dyeing, finishing, and printing gray fabrics towards making Home Textile products for export. Its products include pigment & reactive prints & dyed duvet covers, flat sheets, fitted sheets, frilled valance sheets, platform balances, curtains, pelmets, comforter shells, dust ruffles, window valances, pillowcases, shams, and other home textile products. It is also in the process of establishing the Footwear business.

Alltex Industries (DHA:ALLTEX) Headlines

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