Govind Rubber (BOM:509148) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2020)

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What is Govind Rubber 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. Govind Rubber's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.19.

Govind Rubber's long-term debt to total assets ratio increased from Mar. 2019 (0.09) to Mar. 2020 (0.19). It may suggest that Govind Rubber is progressively becoming more dependent on debt to grow their business.

Govind Rubber LT-Debt-to-Total-Asset Historical Data

The historical data trend for Govind Rubber'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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Govind Rubber LT-Debt-to-Total-Asset Chart

Govind Rubber Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

LT-Debt-to-Total-Asset

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0.07

0.08

0.09

0.19

Govind Rubber Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	-	0.09	-	0.19

Govind Rubber LT-Debt-to-Total-Asset Calculation

Govind Rubber's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (A: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2020 )	/	Total Assets (A: Mar. 2020 )
	=	168	/	879.407
	=	0.19

Govind Rubber's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )	/	Total Assets (Q: Mar. 2020 )
	=	168	/	879.407
	=	0.19

Govind Rubber (BOM:509148) 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.

Govind Rubber LT-Debt-to-Total-Asset Related Terms

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Govind Rubber (BOM:509148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Govind Rubber Ltd (BOM:509148) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

72, N.M.Joshi Marg, Sitaram Mill Compound, 418, Creative Industrial Estate, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.grltires.com

Govind Rubber Ltd manufactures bicycle tire in India. The company is engaged in the manufacturing of bicycle & auto tires and tubes. It manufactures tyres and tubes for two/ three wheelers and markets mountain bike tyres. It offers tires, such as Road/City/Tour, all-terrain bicycle (ATB), mountain bicycle (MTB), Race, bicycle motocross (BMX) and Wheel Chair. It offers tubes, such as Butyl and natural rubber (NR) tubes, valves and packaging. It offers tires for multirole use, such as dirt tracks, rough terrain, and mountainous terrain.

Govind Rubber (BOM:509148) Headlines

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