Kriti Industries (India) (NSE:KRITI) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Kriti Industries (India) 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. Kriti Industries (India)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Kriti Industries (India)'s long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.11). It may suggest that Kriti Industries (India) is progressively becoming more dependent on debt to grow their business.

Kriti Industries (India) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kriti Industries (India)'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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Kriti Industries (India) LT-Debt-to-Total-Asset Chart

Kriti Industries (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.09

0.06

0.08

0.11

Kriti Industries (India) 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															0.08	-	0.07	-	0.11

Kriti Industries (India) LT-Debt-to-Total-Asset Calculation

Kriti Industries (India)'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 )
	=	512.86	/	4537.156
	=	0.11

Kriti Industries (India)'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 )
	=	512.86	/	4537.156
	=	0.11

Kriti Industries (India) (NSE:KRITI) 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.

Kriti Industries (India) LT-Debt-to-Total-Asset Related Terms

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Kriti Industries (India) (NSE:KRITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kriti Industries (India) Ltd (NSE:KRITI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

526423:India

Address

Plot No. 10, Scheme No. 78-II, Vijay Nagar, Brilliant Sapphire, 801 - 804, 8th Floor, Indore, MP, IND, 452 010

Website

http://www.kritiindia.com

Kriti Industries (India) Ltd is a manufacturer of plastic polymer Piping Systems, Blow moulded plastic products as well as refined Soyabean products. Its agriculture products include rigid polyvinyl chloride (RPVC) pipe and fittings, casing pipe, polyethylene (PE) coils, sprinkler systems, submersible pipe, suction, and garden pipe. Building products include soil waste rainwater (SWR) drainage pipe and fittings, chlorinated polyvinyl chloride (CPVC) and plumb pipe and fittings, garden pipe and water tank. Its micro irrigation products includes micro irrigation lateral (inline and online), sprinkler systems, and RPVC pipe and fittings. Geographically, it derives a majority of revenue from India.

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