Swaraj Suiting (NSE:SWARAJ) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2023)

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What is Swaraj Suiting 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. Swaraj Suiting's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.24.

Swaraj Suiting's long-term debt to total assets ratio declined from Mar. 2022 (0.41) to Mar. 2023 (0.24). It may suggest that Swaraj Suiting is progressively becoming less dependent on debt to grow their business.

Swaraj Suiting LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting LT-Debt-to-Total-Asset Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.34

0.28

0.26

0.41

0.24

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.26	0.23	0.41	0.30	0.24

Swaraj Suiting LT-Debt-to-Total-Asset Calculation

Swaraj Suiting's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	556.497	/	2306.208
	=	0.24

Swaraj Suiting's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	556.497	/	2306.208
	=	0.24

Swaraj Suiting (NSE:SWARAJ) 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.

Swaraj Suiting LT-Debt-to-Total-Asset Related Terms

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Swaraj Suiting (NSE:SWARAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

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