S K S Textiles (NSE:SKSTEXTILE) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2020)

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What is S K S Textiles 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. S K S Textiles's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.03.

S K S Textiles's long-term debt to total assets ratio increased from Sep. 2018 (0.02) to Mar. 2020 (0.03). It may suggest that S K S Textiles is progressively becoming more dependent on debt to grow their business.

S K S Textiles LT-Debt-to-Total-Asset Historical Data

The historical data trend for S K S Textiles'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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S K S Textiles LT-Debt-to-Total-Asset Chart

S K S Textiles Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

LT-Debt-to-Total-Asset

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0.07

0.04

0.01

0.03

S K S Textiles Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.04	0.01	0.02	0.01	0.03

S K S Textiles LT-Debt-to-Total-Asset Calculation

S K S Textiles's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (A: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2020 )	/	Total Assets (A: Mar. 2020 )
	=	37.003	/	1221.354
	=	0.03

S K S Textiles's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )	/	Total Assets (Q: Mar. 2020 )
	=	37.003	/	1221.354
	=

S K S Textiles (NSE:SKSTEXTILE) 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.

S K S Textiles LT-Debt-to-Total-Asset Related Terms

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S K S Textiles (NSE:SKSTEXTILE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » S K S Textiles Ltd (NSE:SKSTEXTILE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Gala No. 431, Keval Industrial Estate, 4th Floor, Lower Parel West, Mumbai, MH, IND, 400013

Website

http://www.groupsks.com

S K S Textiles Ltd is a textile company. It is engaged in the business of textile manufacturing and trading. The company manufactures grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and for other garment companies.

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