Ahimsa Industries (NSE:AHIMSA) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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

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

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

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

Ahimsa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.04

0.06

0.04

0.03

Ahimsa Industries Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.03	0.03	0.02

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

Ahimsa Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	4.444	/	165.882
	=	0.03

Ahimsa 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 )
	=	3.111	/	143.329
	=	0.02

Ahimsa Industries (NSE:AHIMSA) 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.

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

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Ahimsa Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ahimsa Industries Ltd (NSE:AHIMSA) » Definitions » LT-Debt-to-Total-Asset

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Address

Piplaj Pirana Road, 160, Devraj Industrial Park, Village Piplaj, Ahmedabad, GJ, IND, 382405

Website

https://www.ahimsaind.com

Ahimsa Industries Ltd is an Indian based firm. It is engaged in manufacturing PET preforms under the brand name greenpet, and trading sugar confectionery machinery, plastic processing machinery, injection molds, and textiles. It is also engaged in flavours and fragrances manufacturing. The company operates in a single segment namely, PET preforms, and has developed a market for its products in domestic as well as international geographies.

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