Ashapura Logistics (NSE:ASHALOG) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Ashapura Logistics 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. Ashapura Logistics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Ashapura Logistics's long-term debt to total assets ratio declined from Mar. 2022 (0.08) to Mar. 2024 (0.07). It may suggest that Ashapura Logistics is progressively becoming less dependent on debt to grow their business.

Ashapura Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashapura Logistics'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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Ashapura Logistics LT-Debt-to-Total-Asset Chart

Ashapura Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.14

0.08

0.03

0.07

Ashapura Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.14	0.08	0.03	0.07

Ashapura Logistics LT-Debt-to-Total-Asset Calculation

Ashapura Logistics'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 )
	=	83.006	/	1264.488
	=	0.07

Ashapura Logistics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	83.006	/	1264.488
	=	0.07

Ashapura Logistics (NSE:ASHALOG) 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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Ashapura Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ashapura Logistics Ltd (NSE:ASHALOG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.G. Highway, B-902 Shapath Hexa, Opposite High Court, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.ashapura.in

Ashapura Logistics Ltd is an integrated logistics company in India. It operates in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The transportation business generated key revenue for the company.

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