TBI Corn (NSE:TBI) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is TBI Corn 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. TBI Corn's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

TBI Corn's long-term debt to total assets ratio declined from Mar. 2022 (0.25) to Mar. 2024 (0.09). It may suggest that TBI Corn is progressively becoming less dependent on debt to grow their business.

TBI Corn LT-Debt-to-Total-Asset Historical Data

The historical data trend for TBI Corn'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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TBI Corn LT-Debt-to-Total-Asset Chart

TBI Corn Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.35

0.25

0.18

0.09

TBI Corn Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.25	0.18	0.18	0.18	0.09

TBI Corn LT-Debt-to-Total-Asset Calculation

TBI Corn'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 )
	=	86.191	/	1017.024
	=	0.08

TBI Corn'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 )
	=	86.191	/	1017.024
	=	0.08

TBI Corn (NSE:TBI) 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.

TBI Corn LT-Debt-to-Total-Asset Related Terms

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TBI Corn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TBI Corn Ltd (NSE:TBI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

A5/3 & A5/4, MIDC, Miraj, Taluka - Miraj, District - Sangli, Sangli, MH, IND, 416410

Website

https://www.tbicorn.com

TBI Corn Ltd is a manufacturer in the corn grits industry. It offers a diverse varieties of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. The company products have a presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to venture into Europe and the USA. Key revenue is generated from Dubai.