Ganesh Benzoplast (NSE:GANESHBE) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Ganesh Benzoplast 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. Ganesh Benzoplast's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Ganesh Benzoplast's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.06). It may suggest that Ganesh Benzoplast is progressively becoming less dependent on debt to grow their business.

Ganesh Benzoplast LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ganesh Benzoplast'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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Ganesh Benzoplast LT-Debt-to-Total-Asset Chart

Ganesh Benzoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.16

0.09

0.03

0.08

0.06

Ganesh Benzoplast Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.06	-	0.06

Ganesh Benzoplast LT-Debt-to-Total-Asset Calculation

Ganesh Benzoplast'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 )
	=	423.85	/	6766.12
	=	0.06

Ganesh Benzoplast's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	437.91	/	7028.67
	=	0.06

Ganesh Benzoplast (NSE:GANESHBE) 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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Ganesh Benzoplast Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganesh Benzoplast Ltd (NSE:GANESHBE) » Definitions » LT-Debt-to-Total-Asset

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500153:India

Address

Off Western Express Highway, Laxmi Nagar, C501/502, 5th Floor, C-Wing, Lotus Corporate Park, Geetanjali Railway Colony, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.ganeshbenzoplast.com

Ganesh Benzoplast Ltd is an India-based company involved in the manufacture and export of specialty chemicals. The company's products have applications in food and beverage, automobile, paints, lubricants, and pharmaceutical industries. The company operates through two divisions namely, the Liquid Storage Terminal and the Chemical manufacturing division. Liquid Storage Terminal division provides storage tanks that are leased on rent for storing liquid chemicals, acids, oil products, petrochemicals, and edible oils. It provides storage and handling solutions at three terminals namely JNPT(Nhava Sheva), Goa, and Cochin. The Chemical division manufactures and exports food preservatives and lubricant additives. It derives the majority of its revenue from the Liquid Storage Terminal segment.

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