MCON Rasayan India (NSE:MCON) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is MCON Rasayan 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. MCON Rasayan India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

MCON Rasayan India's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.12). It may suggest that MCON Rasayan India is progressively becoming less dependent on debt to grow their business.

MCON Rasayan India LT-Debt-to-Total-Asset Historical Data

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

MCON Rasayan India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.20

0.18

0.25

0.15

0.12

MCON Rasayan India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.25	0.15	0.15	0.13	0.12

MCON Rasayan India LT-Debt-to-Total-Asset Calculation

MCON Rasayan 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 )
	=	56.282	/	456.183
	=	0.12

MCON Rasayan 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 )
	=	56.282	/	456.183
	=	0.12

MCON Rasayan India (NSE:MCON) 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.

MCON Rasayan India LT-Debt-to-Total-Asset Related Terms

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MCON Rasayan India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MCON Rasayan India Ltd (NSE:MCON) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-169, Off link road, CTS-104 Bangur Nagar, 101/A, 1st Floor, Maxheal House, Goregaon West, Near Ayyappa Temple, Mumbai-, MH, IND, 400090

Website

https://www.mconrasayan.com

MCON Rasayan India Ltd is the manufacturer and supplier of high-quality construction chemicals and building finishing products for the Indian industry and overseas markets. The company has a suite of products including a range of construction materials and construction chemicals in both powder and liquid forms. The Powder products of the company are Ready-mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete, and others.

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