Pentagon Rubber (NSE:PENTAGON) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Pentagon Rubber 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. Pentagon Rubber's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

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

Pentagon Rubber LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pentagon Rubber'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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Pentagon Rubber LT-Debt-to-Total-Asset Chart

Pentagon Rubber Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.42

0.36

0.35

0.25

0.26

Pentagon Rubber Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.35	-	0.25	0.18	0.26

Pentagon Rubber LT-Debt-to-Total-Asset Calculation

Pentagon Rubber'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 )
	=	144.719	/	563.5
	=	0.26

Pentagon Rubber'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 )
	=	144.719	/	563.5
	=	0.26

Pentagon Rubber (NSE:PENTAGON) 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.

Pentagon Rubber LT-Debt-to-Total-Asset Related Terms

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Pentagon Rubber Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pentagon Rubber Ltd (NSE:PENTAGON) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gulabgarh Road, S.A.S. Nagar, Village Behra District, Derabassi, Mohali, PB, IND, 140507

Website

https://www.pentagonrubber.com

Pentagon Rubber Ltd is engaged in manufacturing Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. Its product offerings comprise General Purpose Belts, Super Abrasion Belts, Elevator Belts, Elevator Belts, Heat Resistance, Fire Resistance, Oil Resistance, Pipe Conveyor Belts, Chevron Conveyors, Rubber Sheets, and Elevator Belts.

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