Swastik Pipe (NSE:SWASTIK) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2023)

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What is Swastik Pipe 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. Swastik Pipe's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.10.

Swastik Pipe's long-term debt to total assets ratio declined from Mar. 2021 (0.23) to Mar. 2023 (0.10). It may suggest that Swastik Pipe is progressively becoming less dependent on debt to grow their business.

Swastik Pipe LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe LT-Debt-to-Total-Asset Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.17

0.23

0.09

0.10

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.17	0.23	0.09	0.10

Swastik Pipe LT-Debt-to-Total-Asset Calculation

Swastik Pipe'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 )
	=	398.762	/	3957.975
	=	0.10

Swastik Pipe'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 )
	=	398.762	/	3957.975
	=	0.10

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe LT-Debt-to-Total-Asset Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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