C P S Shapers (NSE:CPS) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2023)

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What is C P S Shapers 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. C P S Shapers's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.33.

C P S Shapers's long-term debt to total assets ratio declined from Mar. 2021 (0.37) to Mar. 2023 (0.33). It may suggest that C P S Shapers is progressively becoming less dependent on debt to grow their business.

C P S Shapers LT-Debt-to-Total-Asset Historical Data

The historical data trend for C P S Shapers'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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C P S Shapers LT-Debt-to-Total-Asset Chart

C P S Shapers Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.37

0.38

0.33

C P S Shapers Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.37	0.38	0.33

C P S Shapers LT-Debt-to-Total-Asset Calculation

C P S Shapers'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 )
	=	57.119	/	175.12
	=	0.33

C P S Shapers'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 )
	=	57.119	/	175.12
	=	0.33

C P S Shapers (NSE:CPS) 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.

C P S Shapers LT-Debt-to-Total-Asset Related Terms

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C P S Shapers (NSE:CPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » C P S Shapers Ltd (NSE:CPS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 31, New Mayur Vihar, Near Raj Vansh Vihar, Garh Road, Meerut, UP, IND, 250005

Website

https://www.cpsshapersltd.com

C P S Shapers Ltd is engaged in the business manufacturing of compressed garments. The company's product portfolio has expanded significantly offering a wide array of meticulously crafted shapewear and athleisure clothing that caters to diverse body types and fashion preferences.