Rex Pipes and Cables Industries (NSE:REXPIPES) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Rex Pipes and Cables Industries 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. Rex Pipes and Cables Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Rex Pipes and Cables Industries's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.02). It may suggest that Rex Pipes and Cables Industries is progressively becoming less dependent on debt to grow their business.

Rex Pipes and Cables Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rex Pipes and Cables Industries'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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Rex Pipes and Cables Industries LT-Debt-to-Total-Asset Chart

Rex Pipes and Cables Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.17

0.10

0.06

0.02

Rex Pipes and Cables Industries Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.08	0.06	0.06	0.02	0.02

Rex Pipes and Cables Industries LT-Debt-to-Total-Asset Calculation

Rex Pipes and Cables Industries'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 )
	=	14.3	/	702.09
	=	0.02

Rex Pipes and Cables Industries'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 )
	=	12.023	/	818.483
	=	0.01

Rex Pipes and Cables Industries (NSE:REXPIPES) 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.

Rex Pipes and Cables Industries LT-Debt-to-Total-Asset Related Terms

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Rex Pipes and Cables Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001

Website

https://www.rpcil.com

Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. The company offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

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