Gangotri Textiles (NSE:GANGOTRI) LT-Debt-to-Total-Asset : 16.20 (As of Mar. 2024)

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What is Gangotri Textiles 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. Gangotri Textiles's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 16.20.

Gangotri Textiles's long-term debt to total assets ratio declined from Mar. 2023 (1,620,692.93) to Mar. 2024 (16.20). It may suggest that Gangotri Textiles is progressively becoming less dependent on debt to grow their business.

Gangotri Textiles LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gangotri Textiles'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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Gangotri Textiles LT-Debt-to-Total-Asset Chart

Gangotri Textiles Annual Data

Trend

Mar15

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Mar21

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Mar23

Mar24

LT-Debt-to-Total-Asset

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1,620,692.93

16.20

Gangotri Textiles Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1,620,692.93	-	-	-	16.20

Gangotri Textiles LT-Debt-to-Total-Asset Calculation

Gangotri Textiles'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 )
	=	2460.285	/	151.844
	=

Gangotri Textiles'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 )
	=	2460.285	/	151.844
	=

Gangotri Textiles (NSE:GANGOTRI) 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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Gangotri Textiles (NSE:GANGOTRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gangotri Textiles Ltd (NSE:GANGOTRI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

521176:India

Address

25-A, Venkatachalam Co-oprative Colony, R.S. Puram, Coimbatore, TN, IND, 641002

Website

https://www.gangotritextiles.co.in

Gangotri Textiles Ltd is an India based company engaged in the business of manufacturing cotton yarn and ready-made garments. The company's product range covers from yarns to finished textile products. It offers cotton yarn, garments, knitting and weaving applications, and fabrics for industrial fabrics.

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