M V K Agro food product (NSE:MVKAGRO) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2023)

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What is M V K Agro food product 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. M V K Agro food product's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.31.

M V K Agro food product's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (0.31). It may suggest that M V K Agro food product is progressively becoming more dependent on debt to grow their business.

M V K Agro food product LT-Debt-to-Total-Asset Historical Data

The historical data trend for M V K Agro food product'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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M V K Agro food product LT-Debt-to-Total-Asset Chart

M V K Agro food product Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.32

0.34

0.30

M V K Agro food product Quarterly Data
	Mar21	Mar22	Mar23	Sep23
LT-Debt-to-Total-Asset	0.32	0.34	0.30	0.31

M V K Agro food product LT-Debt-to-Total-Asset Calculation

M V K Agro food product's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	456.12	/	1547.193
	=	0.29

M V K Agro food product's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	463.371	/	1480.405
	=

M V K Agro food product (NSE:MVKAGRO) 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.

M V K Agro food product LT-Debt-to-Total-Asset Related Terms

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M V K Agro food product (NSE:MVKAGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » M V K Agro food product Ltd (NSE:MVKAGRO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

GUT No. 44 and 46, Kusumnagar, At Post Waghalwada, Umari, Nanded, MH, IND, 431807

Website

https://www.mvkagrofood.com

M V K Agro food product Ltd is a sugar and other allied products manufacturing company. It manufactures sugar and also sells by-products and waste products, namely, Molasses, Bagasse, and Pressmud, and is also engaged in the generation of Power for captive consumption. The company has two segments, namely Sugar and its by-products/waste products from which the sugar segment generates maximum revenue.

M V K Agro food product (NSE:MVKAGRO) Headlines

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