Durlax Top Surface (NSE:DURLAX) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2023)

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What is Durlax Top Surface 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. Durlax Top Surface's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.22.

Durlax Top Surface's long-term debt to total assets ratio declined from Mar. 2021 (0.46) to Mar. 2023 (0.22). It may suggest that Durlax Top Surface is progressively becoming less dependent on debt to grow their business.

Durlax Top Surface LT-Debt-to-Total-Asset Historical Data

The historical data trend for Durlax Top Surface'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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Durlax Top Surface LT-Debt-to-Total-Asset Chart

Durlax Top Surface Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.46

0.27

0.22

Durlax Top Surface Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.46	0.27	0.22

Durlax Top Surface LT-Debt-to-Total-Asset Calculation

Durlax Top Surface'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 )
	=	173.291	/	778.204
	=	0.22

Durlax Top Surface'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 )
	=	173.291	/	778.204
	=	0.22

Durlax Top Surface (NSE:DURLAX) 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.

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Durlax Top Surface Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Durlax Top Surface Ltd (NSE:DURLAX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Vishweshwar Nagar Road, Unit No. 1601, 16th Floor, Synergy Business Park, Premises Co-op Society Ltd, Behind Virwani Industrial Estate, Sahakarwadi, Goregaon (E), Mumbai, MH, IND, 400 063

Website

https://www.durlax.com

Durlax Top Surface Ltd is engaged in the business of manufacturing solid surface material in India. The company operates through two brands namely LUXOR and ASPIRON, that provide a wide range of solid surfaces. LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON offers Modified Solid Surfaces.

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