Bigbloc Construction (NSE:BIGBLOC) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Bigbloc Construction 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. Bigbloc Construction's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Bigbloc Construction's long-term debt to total assets ratio increased from Mar. 2023 (0.32) to Mar. 2024 (0.34). It may suggest that Bigbloc Construction is progressively becoming more dependent on debt to grow their business.

Bigbloc Construction LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bigbloc Construction'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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Bigbloc Construction LT-Debt-to-Total-Asset Chart

Bigbloc Construction Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.26

0.32

0.26

0.32

0.34

Bigbloc Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	-	0.31	-	0.34

Bigbloc Construction LT-Debt-to-Total-Asset Calculation

Bigbloc Construction'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 )
	=	1007.279	/	2935.816
	=	0.34

Bigbloc Construction'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 )
	=	1007.279	/	2935.816
	=	0.34

Bigbloc Construction (NSE:BIGBLOC) 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.

Bigbloc Construction LT-Debt-to-Total-Asset Related Terms

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Bigbloc Construction (NSE:BIGBLOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bigbloc Construction Ltd (NSE:BIGBLOC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

540061:India

Address

Dumas Road, Office No. 908, 9th Floor, Rajhans Montessa, Magdalla, Surat, GJ, IND, 395007

Website

https://www.nxtbloc.in

Bigbloc Construction Ltd is engaged in the business of manufacturing building blocks and AAC (Aerated Autoclave Concrete) Bricks. AAC blocks are a high quality building material that offers a unique combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance and unprecedented build ability. AAC is a natural and non-toxic construction material, saves energy, and is friendly to the environment. The company supplies to few of the largest Builders and Contractors in India like L&T, Lodha, Indiabulls, Runwal and many others.

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