Laxmi Goldorna House (NSE:LGHL) LT-Debt-to-Total-Asset : 0.44 (As of Sep. 2024)

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What is Laxmi Goldorna House 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. Laxmi Goldorna House's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.44.

Laxmi Goldorna House's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.44). It may suggest that Laxmi Goldorna House is progressively becoming more dependent on debt to grow their business.

Laxmi Goldorna House LT-Debt-to-Total-Asset Historical Data

The historical data trend for Laxmi Goldorna House'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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Laxmi Goldorna House LT-Debt-to-Total-Asset Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.22

0.04

0.14

0.03

0.39

Laxmi Goldorna House Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	-	0.39	-	0.44

Laxmi Goldorna House LT-Debt-to-Total-Asset Calculation

Laxmi Goldorna House'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 )
	=	423.585	/	1079.127
	=	0.39

Laxmi Goldorna House'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 )
	=	610.531	/	1377.667
	=	0.44

Laxmi Goldorna House (NSE:LGHL) 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.

Laxmi Goldorna House LT-Debt-to-Total-Asset Related Terms

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Laxmi Goldorna House Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.