Shree Ram Proteins (NSE:SRPL) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Shree Ram Proteins 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. Shree Ram Proteins's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Shree Ram Proteins's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.10). It may suggest that Shree Ram Proteins is progressively becoming more dependent on debt to grow their business.

Shree Ram Proteins LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shree Ram Proteins'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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Shree Ram Proteins LT-Debt-to-Total-Asset Chart

Shree Ram Proteins Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.12

0.09

0.07

0.10

Shree Ram Proteins Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.08	-	0.10

Shree Ram Proteins LT-Debt-to-Total-Asset Calculation

Shree Ram Proteins'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 )
	=	102.518	/	982.561
	=	0.10

Shree Ram Proteins'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 )
	=	102.518	/	982.561
	=

Shree Ram Proteins (NSE:SRPL) 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.

Shree Ram Proteins LT-Debt-to-Total-Asset Related Terms

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Shree Ram Proteins Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shree Ram Proteins Ltd (NSE:SRPL) » Definitions » LT-Debt-to-Total-Asset

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Address

150 Feet Ring Road, B-206, Second Floor, The Imperial Heights, Opposite Big Bazaar, Rajkot, GJ, IND, 360 005

Website

https://www.shreeramproteins.com

Shree Ram Proteins Ltd is engaged in the business of de-linting and de-hulling of cotton seeds by a mechanical process, oil extraction from cotton seeds, and solvent extraction from cotton seeds oil cake, and groundnuts.

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