Cool Caps Industries (NSE:COOLCAPS) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2023)

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What is Cool Caps 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. Cool Caps Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.32.

Cool Caps Industries's long-term debt to total assets ratio declined from Mar. 2022 (0.34) to Mar. 2023 (0.32). It may suggest that Cool Caps Industries is progressively becoming less dependent on debt to grow their business.

Cool Caps Industries LT-Debt-to-Total-Asset Historical Data

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

Cool Caps Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.37

0.38

0.33

0.34

0.32

Cool Caps Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.34	-	0.29	-	0.32

Cool Caps Industries LT-Debt-to-Total-Asset Calculation

Cool Caps Industries'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 )
	=	432.635	/	1358.163
	=	0.32

Cool Caps Industries'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 )
	=	432.635	/	1358.163
	=	0.32

Cool Caps Industries (NSE:COOLCAPS) 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.

Cool Caps Industries LT-Debt-to-Total-Asset Related Terms

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Cool Caps Industries (NSE:COOLCAPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cool Caps Industries Ltd (NSE:COOLCAPS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

23, Sarat Bose Road, Annapurna Apartment, 1st Floor, Flat No. 1C, Kolkata, WB, IND, 700020

Website

https://www.coolcapsindustries.in

Cool Caps Industries Ltd is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps.

Cool Caps Industries (NSE:COOLCAPS) Headlines

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