Thaai Casting (NSE:TCL) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Thaai Casting 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. Thaai Casting's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Thaai Casting's long-term debt to total assets ratio declined from Mar. 2022 (0.49) to Mar. 2024 (0.13). It may suggest that Thaai Casting is progressively becoming less dependent on debt to grow their business.

Thaai Casting LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thaai Casting'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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Thaai Casting LT-Debt-to-Total-Asset Chart

Thaai Casting Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.42

0.49

0.33

0.13

Thaai Casting Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.42	0.49	0.33	0.13

Thaai Casting LT-Debt-to-Total-Asset Calculation

Thaai Casting'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 )
	=	175.317	/	1352.322
	=	0.13

Thaai Casting'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 )
	=	175.317	/	1352.322
	=	0.13

Thaai Casting (NSE:TCL) 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.

Thaai Casting LT-Debt-to-Total-Asset Related Terms

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Thaai Casting Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thaai Casting Ltd (NSE:TCL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

7th Cross Street, No. A-20 SIPCOT Industrial Park, Pillaipakkam, Tiruvallur, Sriperumbudur, TN, IND, 602105

Website

https://www.thaaicasting.com

Thaai Casting Ltd is a distinguished automotive ancillary company, specializing in high-pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Its products portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

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