Marinetrans India (NSE:MARINETRAN) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Marinetrans 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. Marinetrans India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Marinetrans India's long-term debt to total assets ratio declined from Mar. 2022 (0.01) to Mar. 2024 (0.01). It may suggest that Marinetrans India is progressively becoming less dependent on debt to grow their business.

Marinetrans India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marinetrans 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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Marinetrans India LT-Debt-to-Total-Asset Chart

Marinetrans India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.01

0.02

0.01

Marinetrans India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.01	0.02	0.01	0.01	0.01

Marinetrans India LT-Debt-to-Total-Asset Calculation

Marinetrans 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 )
	=	3.029	/	420.857
	=	0.01

Marinetrans 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 )
	=	3.029	/	420.857
	=	0.01

Marinetrans India (NSE:MARINETRAN) 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.

Marinetrans India LT-Debt-to-Total-Asset Related Terms

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Marinetrans India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marinetrans India Ltd (NSE:MARINETRAN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

801/802, Vindhya Commercial Complex, 8th Floor, Plot No. 1, Sector 11, CBD Belapur, Thane, Navi Mumbai, MH, IND, 400614

Website

https://www.marinetrans.in

Marinetrans India Ltd. is engaged in transport management and freight-related services. It is mainly responsible for obtaining and confirming the Sales Booking Request, Confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing, and ensuring transportation in the dock, and coordinating with the customer until the delivery of the goods and also includes services like freight forwarding, including both sea freight and air freight.

Marinetrans India Headlines

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