Steel Strips Wheels (NSE:SSWL) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Steel Strips Wheels 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. Steel Strips Wheels's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Steel Strips Wheels's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.12). It may suggest that Steel Strips Wheels is progressively becoming more dependent on debt to grow their business.

Steel Strips Wheels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Steel Strips Wheels'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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Steel Strips Wheels LT-Debt-to-Total-Asset Chart

Steel Strips Wheels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.16

0.10

0.06

0.12

Steel Strips Wheels Quarterly Data
	Jun19	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															0.06	-	0.09	-	0.12

Steel Strips Wheels LT-Debt-to-Total-Asset Calculation

Steel Strips Wheels'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 )
	=	3815.677	/	33036.116
	=	0.12

Steel Strips Wheels'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 )
	=	3815.677	/	33036.116
	=	0.12

Steel Strips Wheels (NSE:SSWL) 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.

Steel Strips Wheels LT-Debt-to-Total-Asset Related Terms

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Steel Strips Wheels (NSE:SSWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Steel Strips Wheels Ltd (NSE:SSWL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

513262:India

Address

Madhya Marg, SCO 49-50, Sector 26, Chandigarh, IND, 160 019

Website

https://www.sswlindia.com

Steel Strips Wheels Ltd is an India-based automotive steel wheels manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.

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