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Triveni Engineering & Industries (NSE:TRIVENI) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)


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What is Triveni Engineering & Industries 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. Triveni Engineering & Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Triveni Engineering & Industries's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.06). It may suggest that Triveni Engineering & Industries is progressively becoming less dependent on debt to grow their business.

Triveni Engineering & Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Triveni Engineering & Industries'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.

* Premium members only.

Triveni Engineering & Industries LT-Debt-to-Total-Asset Chart

Triveni Engineering & Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.09 0.08 0.05 0.05

Triveni Engineering & Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 - 0.05 - 0.06

Triveni Engineering & Industries LT-Debt-to-Total-Asset Calculation

Triveni Engineering & Industries'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 )
=2563.577/51183.093
=0.05

Triveni Engineering & Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=2694/42072
=0.06

* 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.

Triveni Engineering & Industries  (NSE:TRIVENI) 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.

Triveni Engineering & Industries LT-Debt-to-Total-Asset Related Terms

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Triveni Engineering & Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Triveni Engineering & Industries Ltd (NSE:TRIVENI) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
BOM:500038 BOM:500125 BOM:532670 BOM:500097 BOM:500032 BOM:500041 BOM:530305 BOM:500119 BOM:532729 BOM:532610 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990
Traded in Other Exchanges
532356:India
Address
Express Trade Towers, 8th Floor, Plot No. 15 - 16, Sector - 16A, Noida, UP, IND, 201301
Website
https://www.trivenigroup.com
Triveni Engineering & Industries Ltd is an India-based company engaged in the manufacturing of sugar. The company is engaged in diversified businesses mainly categorized into segments - Sugar and allied businesses; Engineering business and others. Sugar and allied businesses essentially comprises the manufacture of sugar, cogeneration, and distillery. The Engineering business comprises Power Transmission manufacturing facilities at Mysuru and Water and Waste Water Treatment business operating from Noida, UP. The firm generates a majority of its revenue from the Sugar and allied business.

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