Tirupati Forge (NSE:TIRUPATIFL) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Tirupati Forge 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. Tirupati Forge's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Tirupati Forge's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.05). It may suggest that Tirupati Forge is progressively becoming more dependent on debt to grow their business.

Tirupati Forge LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tirupati Forge'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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Tirupati Forge LT-Debt-to-Total-Asset Chart

Tirupati Forge Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.09

0.08

0.05

Tirupati Forge Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	-	0.04	-	0.05

Tirupati Forge LT-Debt-to-Total-Asset Calculation

Tirupati Forge'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 )
	=	36.22	/	743.007
	=	0.05

Tirupati Forge'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 )
	=	36.22	/	743.007
	=	0.05

Tirupati Forge (NSE:TIRUPATIFL) 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.

Tirupati Forge LT-Debt-to-Total-Asset Related Terms

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Tirupati Forge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tirupati Forge Ltd (NSE:TIRUPATIFL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

National Highway 27, Survey No. 92/1, Plot No. 1-9, Hadamtala Industrial Area, Near Shan Cement, Village Hadamtala, Taluka Kotdasangani, Rajkot, GJ, IND, 360311

Website

https://www.tirupatiforge.com

Tirupati Forge Ltd is engaged in the manufacturing of forged and flanged products that cater to various industries. The company's product offerings include din flange, conical flange, plate, auto parts, gears, crankshaft, forged pipe fittings, seamless rolled rings, and others.

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