Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Mangalore Chemicals & Fertilizers 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. Mangalore Chemicals & Fertilizers's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Mangalore Chemicals & Fertilizers's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.13). It may suggest that Mangalore Chemicals & Fertilizers is progressively becoming less dependent on debt to grow their business.

Mangalore Chemicals & Fertilizers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mangalore Chemicals & Fertilizers'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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Mangalore Chemicals & Fertilizers LT-Debt-to-Total-Asset Chart

Mangalore Chemicals & Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.07

0.09

0.14

0.13

Mangalore Chemicals & Fertilizers 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															0.14	-	0.13	-	0.13

Mangalore Chemicals & Fertilizers LT-Debt-to-Total-Asset Calculation

Mangalore Chemicals & Fertilizers'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 )
	=	3174.319	/	24304.292
	=	0.13

Mangalore Chemicals & Fertilizers'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 )
	=	3174.319	/	24304.292
	=	0.13

Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) 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.

Mangalore Chemicals & Fertilizers LT-Debt-to-Total-Asset Related Terms

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Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Mangalore Chemicals & Fertilizers Ltd (NSE:MANGCHEFER) » Definitions » LT-Debt-to-Total-Asset

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530011:India

Address

Vittal Mallya Road, Level-11, UB Towers, UB City Number 24, Bengaluru, KA, IND, 560001

Website

https://www.mangalorechemicals.com

Mangalore Chemicals & Fertilizers Ltd manufactures and markets chemical fertilizers in the state of Karnataka. It manufactures both Nitrogenous and Phosphatic fertilizers and is the only manufacturer of fertilizers in the state of Karnataka. About 77% of the company's products are sold in the state of Karnataka, which meets about 10% of the needs of the farmers in the State.

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