Patanjali Foods (NSE:PATANJALI) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Patanjali Foods 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. Patanjali Foods's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Patanjali Foods's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Patanjali Foods is progressively becoming less dependent on debt to grow their business.

Patanjali Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Patanjali Foods'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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Patanjali Foods LT-Debt-to-Total-Asset Chart

Patanjali Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.32

0.24

0.01

Patanjali Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	0.01	-	-

Patanjali Foods LT-Debt-to-Total-Asset Calculation

Patanjali Foods'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 )
	=	10.15	/	132620.725
	=	0.00

Patanjali Foods'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 )
	=	10.15	/	132620.725
	=	0.00

Patanjali Foods (NSE:PATANJALI) 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.

Patanjali Foods LT-Debt-to-Total-Asset Related Terms

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Patanjali Foods (NSE:PATANJALI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Patanjali Foods Ltd (NSE:PATANJALI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

500368:India

Address

601, A.B. Road, Part B-2, 6th Floor, Metro Tower, Vijay Nagar, Indore, MP, IND, 452 010

Website

http://www.ruchisoya.com

Patanjali Foods Ltd is engaged in the business of processing oilseeds and refining crude oil for edible use. It operates through the following segments: Seed Extractions, Oils and Vanaspati, Food Products, and Wind Power Generation. The Extraction segment includes various types of seed extractions. The Oils and Vanaspati segment includes crude oils, refined oils, vanaspati, bakery fats and table spread. The Food Products segment comprises textured soya protein and soya flour. The Wind Power Generation segment involves electricity generation from windmills.

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