Shree Cement (NSE:SHREECEM) Debt-to-Asset : 0.06 (As of Mar. 2024)

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What is Shree Cement Debt-to-Asset?

Shree Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8,008 Mil. Shree Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8,547 Mil. Shree Cement's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹279,535 Mil. Shree Cement's debt to asset for the quarter that ended in Mar. 2024 was 0.06.

Shree Cement Debt-to-Asset Historical Data

The historical data trend for Shree Cement's Debt-to-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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Shree Cement Debt-to-Asset Chart

Shree Cement Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.16

0.10

0.09

0.10

0.06

Shree Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.10	-	0.08	-	0.06

Competitive Comparison of Shree Cement's Debt-to-Asset

For the Building Materials subindustry, Shree Cement's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shree Cement's Debt-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shree Cement's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shree Cement's Debt-to-Asset falls into.

Shree Cement Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shree Cement's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8008.2	+	8547.3)	/	279534.7
	=	0.06

Shree Cement's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8008.2	+	8547.3)	/	279534.7
	=	0.06

Shree Cement (NSE:SHREECEM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Shree Cement Debt-to-Asset Related Terms

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Shree Cement (NSE:SHREECEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shree Cement Ltd (NSE:SHREECEM) » Definitions » Debt-to-Asset

Traded in Other Exchanges

500387:India

Address

21 Strand Road, Kolkata, WB, IND, 700 001

Website

https://www.shreecement.com

Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from Cement, Clinker and Power sales, of which Cement products contribute majorly to the revenue. The Cement products are offered under the brands Shree Jung Rodhak and Bangur, among others. Nearly all of the firm's revenue comes from India.

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