The Western India Plywoods (NSE:WIPL) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is The Western India Plywoods 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. The Western India Plywoods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

The Western India Plywoods's long-term debt to total assets ratio declined from Sep. 2023 (0.16) to Sep. 2024 (0.13). It may suggest that The Western India Plywoods is progressively becoming less dependent on debt to grow their business.

The Western India Plywoods LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Western India Plywoods'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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The Western India Plywoods LT-Debt-to-Total-Asset Chart

The Western India Plywoods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.21

0.20

0.16

0.15

The Western India Plywoods Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	-	0.15	-	0.13

The Western India Plywoods LT-Debt-to-Total-Asset Calculation

The Western India Plywoods'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 )
	=	110	/	756.163
	=	0.15

The Western India Plywoods'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 )
	=	99.4	/	769.7
	=	0.13

The Western India Plywoods (NSE:WIPL) 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.

The Western India Plywoods LT-Debt-to-Total-Asset Related Terms

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The Western India Plywoods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » The Western India Plywoods Ltd (NSE:WIPL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Mill Road, Baliapatam, Kannur, KL, IND, 670010

Website

https://www.wipltd.in

The Western India Plywoods Ltd is a manufacturer of wood-based products. Its products include Plywood, Hard boards, Densified wood, Furniture, Wipress, Wooden flooring, and Others.

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