Swastik Pipe (NSE:SWASTIK) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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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. 2024 was 0.08.

Swastik Pipe's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.08). 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

Mar24

LT-Debt-to-Total-Asset

0.17

0.23

0.09

0.10

0.08

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.09	-	0.10	0.09	0.08

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. 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 )
	=	337.885	/	4464.677
	=	0.08

Swastik Pipe'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 )
	=	337.885	/	4464.677
	=	0.08

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.

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Swastik Pipe Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Asaf Ali Road, 1/23 B, First Floor, Daryaganj, Delhi, IND, 110002

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is engaged in manufacturing of ERW Black Pipe, Galvanized Steel Tubes, Cold Rolled Strips, S.T. Poles, Solar Mounting Structures, etc. The Company has two production plants at Bahadurgarh, Haryana and at Kosi Kalan U.P.

Swastik Pipe Headlines

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