Ambey Laboratories (NSE:AMBEY) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2023)

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What is Ambey Laboratories 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. Ambey Laboratories's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.22.

Ambey Laboratories's long-term debt to total assets ratio declined from Mar. 2021 (0.66) to Mar. 2023 (0.22). It may suggest that Ambey Laboratories is progressively becoming less dependent on debt to grow their business.

Ambey Laboratories LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ambey Laboratories'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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Ambey Laboratories LT-Debt-to-Total-Asset Chart

Ambey Laboratories Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.66

0.26

0.22

Ambey Laboratories Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.66	0.26	0.22

Ambey Laboratories LT-Debt-to-Total-Asset Calculation

Ambey Laboratories'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 )
	=	127.335	/	576.185
	=	0.22

Ambey Laboratories'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 )
	=	127.335	/	576.185
	=	0.22

Ambey Laboratories (NSE:AMBEY) 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.

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Ambey Laboratories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Ambey Laboratories Ltd (NSE:AMBEY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Sector 26A, B-18/9, 2nd Floor, DLF Phase-1, Gurugram, HR, IND, 122002

Website

https://www.ambeylab.com

Ambey Laboratories Ltd is engaged in the business of manufacturing agrochemical products for the protection of crops and serving the agrochemical sector. The company is also engaged in manufacturing-related pharmaceutical products and their repacking.

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