Pattech Fitwell Tube Components (NSE:PATTECH) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2023)

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What is Pattech Fitwell Tube Components 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. Pattech Fitwell Tube Components's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.27.

Pattech Fitwell Tube Components's long-term debt to total assets ratio declined from Mar. 2021 (0.42) to Sep. 2023 (0.27). It may suggest that Pattech Fitwell Tube Components is progressively becoming less dependent on debt to grow their business.

Pattech Fitwell Tube Components LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components LT-Debt-to-Total-Asset Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.45

0.42

0.48

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
LT-Debt-to-Total-Asset	0.45	0.42	0.48	0.27

Pattech Fitwell Tube Components LT-Debt-to-Total-Asset Calculation

Pattech Fitwell Tube Components's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	122.477	/	253.038
	=	0.48

Pattech Fitwell Tube Components'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 )
	=	81.721	/	307.139
	=	0.27

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components LT-Debt-to-Total-Asset Related Terms

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Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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