Deem Roll Tech (NSE:DEEM) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Deem Roll Tech 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. Deem Roll Tech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Deem Roll Tech's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Deem Roll Tech is progressively becoming less dependent on debt to grow their business.

Deem Roll Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Deem Roll Tech'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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Deem Roll Tech LT-Debt-to-Total-Asset Chart

Deem Roll Tech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.05

0.04

0.02

Deem Roll Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	0.05	0.04	0.02	0.02	0.02

Deem Roll Tech LT-Debt-to-Total-Asset Calculation

Deem Roll Tech'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 )
	=	22.997	/	1340.862
	=	0.02

Deem Roll Tech'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 )
	=	22.997	/	1340.862
	=	0.02

Deem Roll Tech (NSE:DEEM) 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.

Deem Roll Tech LT-Debt-to-Total-Asset Related Terms

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Deem Roll Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Deem Roll Tech Ltd (NSE:DEEM) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

C-3/301, S.G. Highway, Anushruti Apartment, Nr. Jain Mandir, Opp New York Tower, Ahmedabad, GJ, IND, 380054

Website

https://www.deemrolls.com

Deem Roll Tech Ltd is a manufacturers of high-quality steel and alloy Rolls in India. The company comprises three fully integrated factories with machine shops, foundries and heat treatment plants. The company's products include S.G Iron or Ductile Iron Roll, Indefinite Chill Alloy Cast Iron, Alloy Steel Base, Double Poured Alloy Indefinite Chil, HSS Rolls, Spheroidal Graphite Iron Rolls, etc. The company generates the majority of its revenue from sales in Gujarat, followed by Kolkata.

Deem Roll Tech Headlines

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