Esprit Stones (NSE:ESPRIT) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Esprit Stones 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. Esprit Stones's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Esprit Stones's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.19). It may suggest that Esprit Stones is progressively becoming less dependent on debt to grow their business.

Esprit Stones LT-Debt-to-Total-Asset Historical Data

The historical data trend for Esprit Stones'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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Esprit Stones LT-Debt-to-Total-Asset Chart

Esprit Stones Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.18

0.15

0.24

0.19

Esprit Stones Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	0.18	0.15	0.24	0.20	0.19

Esprit Stones LT-Debt-to-Total-Asset Calculation

Esprit Stones'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 )
	=	511.171	/	2745.935
	=	0.19

Esprit Stones'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 )
	=	511.171	/	2745.935
	=	0.19

Esprit Stones (NSE:ESPRIT) 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.

Esprit Stones LT-Debt-to-Total-Asset Related Terms

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Esprit Stones Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Esprit Stones Ltd (NSE:ESPRIT) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Lakhawali, Khasra No. 1106 - 1109, Revenue Village Bhilwada, Udaipur, RJ, IND, 313001

Website

https://www.espritstones.com

Esprit Stones Ltd is engaged in the manufacturing of engineered stones such as engineered quartz and marble. The products of the company are used for vanities & bathroom surfaces, kitchen countertops, floors and wall cladding furniture, and other interior surfaces used in various residential and non-residential applications. The company has two segments: Engineered Stones and Unsaturated Polyester Resin. The key revenue of the company is generated from Engineered Stones.

Esprit Stones Headlines

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