Mahalaxmi Rubtech (NSE:MHLXMIRU) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Mahalaxmi Rubtech 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. Mahalaxmi Rubtech's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Mahalaxmi Rubtech's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Mahalaxmi Rubtech is progressively becoming more dependent on debt to grow their business.

Mahalaxmi Rubtech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mahalaxmi Rubtech'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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Mahalaxmi Rubtech LT-Debt-to-Total-Asset Chart

Mahalaxmi Rubtech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.06

0.09

0.07

0.04

Mahalaxmi Rubtech Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	-	0.04	-	0.03

Mahalaxmi Rubtech LT-Debt-to-Total-Asset Calculation

Mahalaxmi Rubtech'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 )
	=	29.564	/	822.308
	=	0.04

Mahalaxmi Rubtech'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 )
	=	29.787	/	885.39
	=	0.03

Mahalaxmi Rubtech (NSE:MHLXMIRU) 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.

Mahalaxmi Rubtech LT-Debt-to-Total-Asset Related Terms

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Mahalaxmi Rubtech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Rubtech Ltd (NSE:MHLXMIRU) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

514450:India

Address

Polytechnic Road, Mahalaxmi House, YSL Avenue, Opposite Ketav Petrol Pump, Ambavadi, Ahmedabad, GJ, IND, 380015

Website

https://www.mrtglobal.com

Mahalaxmi Rubtech Ltd is an Indian textile manufacturing company. The company has structured its operations into the following business segments - Rubber and Technical textiles Products, and Textile Products. The company's product portfolio comprises; printing blankets, textile printing blankets, rubber-coated fabrics, hydraulic seals, air cells, and technical textiles. The majority of the revenue accrues from the Textile products segment.

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