Solve Plastic Products (NSE:BALCO) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Solve Plastic Products 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. Solve Plastic Products's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Solve Plastic Products's long-term debt to total assets ratio declined from Mar. 2022 (0.19) to Mar. 2024 (0.14). It may suggest that Solve Plastic Products is progressively becoming less dependent on debt to grow their business.

Solve Plastic Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solve Plastic Products'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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Solve Plastic Products LT-Debt-to-Total-Asset Chart

Solve Plastic Products Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.26

0.19

0.16

0.14

Solve Plastic Products Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.26	0.19	0.16	0.14

Solve Plastic Products LT-Debt-to-Total-Asset Calculation

Solve Plastic Products'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 )
	=	31.118	/	221.153
	=	0.14

Solve Plastic Products'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 )
	=	31.118	/	221.153
	=	0.14

Solve Plastic Products (NSE:BALCO) 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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Solve Plastic Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solve Plastic Products Ltd (NSE:BALCO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode P.O. Punalur, Kollam, KL, IND, 691333

Website

https://www.balcopipes.com

Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

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