Sutlej Textiles and Industries (NSE:SUTLEJTEX) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Sutlej Textiles and 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. Sutlej Textiles and Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Sutlej Textiles and Industries's long-term debt to total assets ratio increased from Sep. 2023 (0.11) to Sep. 2024 (0.15). It may suggest that Sutlej Textiles and Industries is progressively becoming more dependent on debt to grow their business.

Sutlej Textiles and Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sutlej Textiles and 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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Sutlej Textiles and Industries LT-Debt-to-Total-Asset Chart

Sutlej Textiles and Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.22

0.21

0.15

0.11

0.13

Sutlej Textiles and Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	-	0.13	-	0.15

Sutlej Textiles and Industries LT-Debt-to-Total-Asset Calculation

Sutlej Textiles and 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 )
	=	2766.3	/	21089
	=	0.13

Sutlej Textiles and 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 )
	=	3096.4	/	20534
	=	0.15

Sutlej Textiles and Industries (NSE:SUTLEJTEX) 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.

Sutlej Textiles and Industries LT-Debt-to-Total-Asset Related Terms

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Sutlej Textiles and Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sutlej Textiles and Industries Ltd (NSE:SUTLEJTEX) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

532782:India

Address

Near Jay Coach, Off Western Express Highway, E-wing, 5th & 6th Floor, Lotus Corporate Park, 185/A, Graham Firth Steel Compound, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.sutlejtextiles.com

Sutlej Textiles and Industries Ltd is a textile manufacturing company. It manufactures cotton blended dyed and melange yarn, natural and blended yarns and fabrics, and home textile furnishing. The business segments of the group are Yarn which comprises cotton and man-made fibers yarn and Home Textiles which comprises home furnishing and fabric processing. The yarn segment contributes majorly to the revenue of the company.

Sutlej Textiles and Industries Headlines

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