N R Spuntech Industries (XTAE:SPNTC) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is N R Spuntech 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. N R Spuntech Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

N R Spuntech Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.12). It may suggest that N R Spuntech Industries is progressively becoming less dependent on debt to grow their business.

N R Spuntech Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for N R Spuntech 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.

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N R Spuntech Industries LT-Debt-to-Total-Asset Chart

N R Spuntech Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.21

0.19

0.12

N R Spuntech Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.16	0.14	0.12

N R Spuntech Industries LT-Debt-to-Total-Asset Calculation

N R Spuntech Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	77.426	/	639.158
	=	0.12

N R Spuntech Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	77.426	/	639.158
	=	0.12

N R Spuntech Industries (XTAE:SPNTC) 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.

N R Spuntech Industries LT-Debt-to-Total-Asset Related Terms

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N R Spuntech Industries (XTAE:SPNTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » N R Spuntech Industries Ltd (XTAE:SPNTC) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

PO Box 3328, Upper Tiberias, ISR, 14133

Website

http://www.spuntech.com

N R Spuntech Industries Ltd is a developer, manufacturer and supplier of rolled spunlace hydroentangled fabric products. Its provides products for household, medical, cosmetics and feminine care, baby, industrial. Its products include dry wipes, disinfecting wipes, glass wipes, bleach wipes, pads, face masks, baby wipes, hard surface scrubbing wipes.

N R Spuntech Industries (XTAE:SPNTC) Headlines

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