Paramount Speciality Forgings (NSE:PSFL) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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

Paramount Speciality Forgings's long-term debt to total assets ratio declined from Mar. 2022 (0.03) to Mar. 2024 (0.00). It may suggest that Paramount Speciality Forgings is progressively becoming less dependent on debt to grow their business.

Paramount Speciality Forgings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Paramount Speciality Forgings'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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Paramount Speciality Forgings LT-Debt-to-Total-Asset Chart

Paramount Speciality Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.05

0.03

0.01

Paramount Speciality Forgings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.05	0.03	0.01	-

Paramount Speciality Forgings LT-Debt-to-Total-Asset Calculation

Paramount Speciality Forgings'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 )
	=	2.547	/	817.918
	=	0.00

Paramount Speciality Forgings'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 )
	=	2.547	/	817.918
	=	0.00

Paramount Speciality Forgings (NSE:PSFL) 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.

Paramount Speciality Forgings LT-Debt-to-Total-Asset Related Terms

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Paramount Speciality Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paramount Speciality Forgings Ltd (NSE:PSFL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. Mascarenhas Road, 3, 1, Guru Himmat Building, Anjirwadi, Mazgaon, Mumbai, MH, IND, 400010

Website

https://www.paramountforge.com

Paramount Speciality Forgings Ltd is engaged in manufacturing steel forgings in India. It manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Its product are used in industry such as Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors. The Company only operates in sale of carbon steel and stainless steel flanges and fittings and other engineering goods made from steel and stainless steel goods or any other goods and merchandise.

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