Infinium Pharmachem (NSE:INFINIUM) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Infinium Pharmachem 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. Infinium Pharmachem's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Infinium Pharmachem's long-term debt to total assets ratio declined from Mar. 2022 (0.23) to Sep. 2023 (0.00). It may suggest that Infinium Pharmachem is progressively becoming less dependent on debt to grow their business.

Infinium Pharmachem LT-Debt-to-Total-Asset Historical Data

The historical data trend for Infinium Pharmachem'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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Infinium Pharmachem LT-Debt-to-Total-Asset Chart

Infinium Pharmachem Annual Data

Trend

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.25

0.17

0.23

Infinium Pharmachem Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
LT-Debt-to-Total-Asset	0.25	0.17	0.23	0.23	-

Infinium Pharmachem LT-Debt-to-Total-Asset Calculation

Infinium Pharmachem's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	136.238	/	589.995
	=	0.23

Infinium Pharmachem's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	1019.548
	=	0.00

Infinium Pharmachem (NSE:INFINIUM) 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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Infinium Pharmachem (NSE:INFINIUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinium Pharmachem Ltd (NSE:INFINIUM) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

V.U. Nagar GIDC Road, Near Sardar Patel Statue, Suite 205, Sigma Prime, 2nd Floor, District Anand, Vallabh Vidhyanagar, GJ, IND, 388120

Website

https://infiniumpharmachem.com

Infinium Pharmachem Ltd is engaged in the business of manufacturing and supplying Iodine, Iodine Derivatives, and Active Pharmaceutical Ingredients (APIs). It provides fully integrated customized services from R & D to Commercial scale manufacturing and packaging for its products to the Pharmaceutical, Agrochemical, Nutraceutical, Speciality Chemicals and various other chemicals Industries.

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