Owais Metal and Mineral Processing (NSE:OWAIS) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Owais Metal and Mineral Processing 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. Owais Metal and Mineral Processing's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Owais Metal and Mineral Processing's long-term debt to total assets ratio declined from Mar. 2023 (0.78) to Sep. 2024 (0.12). It may suggest that Owais Metal and Mineral Processing is progressively becoming less dependent on debt to grow their business.

Owais Metal and Mineral Processing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Owais Metal and Mineral Processing'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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Owais Metal and Mineral Processing LT-Debt-to-Total-Asset Chart

Owais Metal and Mineral Processing Annual Data

Trend

Mar23

Mar24

LT-Debt-to-Total-Asset

0.78

0.07

Owais Metal and Mineral Processing Quarterly Data
	Mar23	Aug23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	0.78	0.11	0.10	0.07	0.12

Owais Metal and Mineral Processing LT-Debt-to-Total-Asset Calculation

Owais Metal and Mineral Processing'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 )
	=	61.328	/	908.218
	=	0.07

Owais Metal and Mineral Processing'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 )
	=	186.339	/	1506.282
	=

Owais Metal and Mineral Processing (NSE:OWAIS) 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.

Owais Metal and Mineral Processing LT-Debt-to-Total-Asset Related Terms

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Owais Metal and Mineral Processing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Owais Metal and Mineral Processing Ltd (NSE:OWAIS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ahinsa Gram Old Jaora, Ratlam, MP, IND, 457001

Website

https://www.ommpl.com

Owais Metal and Mineral Processing Ltd is a company engaged as a manufacturer and processor of various metals and minerals. diversified across the broad spectrum of natural resources with main interests in manufacturing and processing metal and minerals. The company is engaged in the manufacturing and processing of the following products which are Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing Wood Charcoal, and Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ores. Its products like Manganese Oxide are used in the fertilizer industry and are also used by Manganese Sulphate Plants.

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