DCG Cables & Wires (NSE:DCG) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2023)

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What is DCG Cables & Wires 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. DCG Cables & Wires's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.09.

DCG Cables & Wires's long-term debt to total assets ratio declined from Mar. 2021 (0.18) to Mar. 2023 (0.09). It may suggest that DCG Cables & Wires is progressively becoming less dependent on debt to grow their business.

DCG Cables & Wires LT-Debt-to-Total-Asset Historical Data

The historical data trend for DCG Cables & Wires'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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DCG Cables & Wires LT-Debt-to-Total-Asset Chart

DCG Cables & Wires Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.18

0.12

0.09

DCG Cables & Wires Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.18	0.12	0.09

DCG Cables & Wires LT-Debt-to-Total-Asset Calculation

DCG Cables & Wires'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 )
	=	32.41	/	356.412
	=	0.09

DCG Cables & Wires'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 )
	=	32.41	/	356.412
	=	0.09

DCG Cables & Wires (NSE:DCG) 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.

DCG Cables & Wires LT-Debt-to-Total-Asset Related Terms

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DCG Cables & Wires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DCG Cables & Wires Ltd (NSE:DCG) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Agresen Estate, Unit 1, 622/15+16/12, Chhotalal Ni Chawli, Odhav, Ahmedabad, GJ, IND, 382415

Website

https://www.dcgcableswiresltd.com

DCG Cables & Wires Ltd is a manufacturer of copper cables and wires. It focus is on manufacturing of different types of copper cables which finds application in Transformers that consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper. It also provide paper-covered copper conductors in both rectangular and round shapes, as well as multi-paper-covered copper conductors and connection cables designed specifically for transformers.

DCG Cables & Wires Headlines

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