Norben Tea & Exports (NSE:NORBTEAEXP) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is Norben Tea & Exports 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. Norben Tea & Exports's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

Norben Tea & Exports's long-term debt to total assets ratio increased from Sep. 2023 (0.25) to Sep. 2024 (0.26). It may suggest that Norben Tea & Exports is progressively becoming more dependent on debt to grow their business.

Norben Tea & Exports LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norben Tea & Exports'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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Norben Tea & Exports LT-Debt-to-Total-Asset Chart

Norben Tea & Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.19

0.21

0.23

0.26

Norben Tea & Exports 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															0.25	-	0.26	-	0.26

Norben Tea & Exports LT-Debt-to-Total-Asset Calculation

Norben Tea & Exports'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 )
	=	66.381	/	258.321
	=	0.26

Norben Tea & Exports'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 )
	=	70.116	/	271.921
	=	0.26

Norben Tea & Exports (NSE:NORBTEAEXP) 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.

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Norben Tea & Exports Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Norben Tea & Exports Ltd (NSE:NORBTEAEXP) » Definitions » LT-Debt-to-Total-Asset

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519528:India

Address

15B, Hemanta Basu Sarani, 3rd Floor, Octavious Centre, Kolkata, WB, IND, 700 001

Website

https://www.norbentea.com

Norben Tea & Exports Ltd is an India-based tea producing company. It is mainly engaged in the business of growing, manufacturing and marketing of tea.

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