Vaxtex Cotfab (NSE:VCL) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2023)

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What is Vaxtex Cotfab 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. Vaxtex Cotfab's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.07.

Vaxtex Cotfab's long-term debt to total assets ratio declined from Mar. 2022 (0.25) to Mar. 2023 (0.07). It may suggest that Vaxtex Cotfab is progressively becoming less dependent on debt to grow their business.

Vaxtex Cotfab LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vaxtex Cotfab'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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Vaxtex Cotfab LT-Debt-to-Total-Asset Chart

Vaxtex Cotfab Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.22

0.33

0.47

0.25

0.07

Vaxtex Cotfab Quarterly Data
	Mar17	Mar18	Mar19	Jun19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.25	-	0.31	-	0.07

Vaxtex Cotfab LT-Debt-to-Total-Asset Calculation

Vaxtex Cotfab's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	51.756	/	694.847
	=	0.07

Vaxtex Cotfab's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	51.756	/	694.847
	=	0.07

Vaxtex Cotfab (NSE:VCL) 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.

Vaxtex Cotfab LT-Debt-to-Total-Asset Related Terms

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Vaxtex Cotfab (NSE:VCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vaxtex Cotfab Ltd (NSE:VCL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Near Rakhial Char Rasta, J-03 (GF to 4th Floor) Tejendra Arcade, Near Ganjifarak Mill Compound, Rakhial, Ahmedabad, GJ, IND, 380023

Website

https://www.vaxtexcotfabltd.com

Vaxtex Cotfab Ltd is engaged in manufacturing and processing fabrics of Shirting and Suiting. Its products include Denim fabric, Home textile, Jeans, Mens casual shirts, Printed fabric and Yarn.

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