Mughal Iron & Steel Industries (KAR:MUGHAL) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Mughal Iron & Steel 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. Mughal Iron & Steel Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Mughal Iron & Steel Industries's long-term debt to total assets ratio declined from Sep. 2023 (0.05) to Sep. 2024 (0.04). It may suggest that Mughal Iron & Steel Industries is progressively becoming less dependent on debt to grow their business.

Mughal Iron & Steel Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mughal Iron & Steel 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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Mughal Iron & Steel Industries LT-Debt-to-Total-Asset Chart

Mughal Iron & Steel Industries Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.10

0.09

0.08

0.06

0.04

Mughal Iron & Steel Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.08	0.03	0.04	0.04

Mughal Iron & Steel Industries LT-Debt-to-Total-Asset Calculation

Mughal Iron & Steel Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	2841.956	/	70184.197
	=	0.04

Mughal Iron & Steel Industries'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 )
	=	2535.606	/	71245.444
	=	0.04

Mughal Iron & Steel Industries (KAR:MUGHAL) 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.

Mughal Iron & Steel Industries LT-Debt-to-Total-Asset Related Terms

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Mughal Iron & Steel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mughal Iron & Steel Industries Ltd (KAR:MUGHAL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

31-A Shadman 1, Lahore, PB, PAK

Website

https://www.mughalsteel.com

Mughal Iron & Steel Industries Ltd is engaged in the manufacturing and trading of mild steel products. The operating segments of the company are Ferrous and Non-Ferrous. The company's main products involve Steel re-bars (G60 / Mughal Supreme), Girders, Billets, Copper ingots and Copper granules.

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