3M India (BOM:523395) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is 3M India 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. 3M India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

3M India's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that 3M India is progressively becoming less dependent on debt to grow their business.

3M India LT-Debt-to-Total-Asset Historical Data

The historical data trend for 3M India'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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3M India LT-Debt-to-Total-Asset Chart

3M India Annual Data

Trend

Mar15

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Mar17

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Mar21

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Mar24

LT-Debt-to-Total-Asset

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0.01

3M India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	-

3M India LT-Debt-to-Total-Asset Calculation

3M India'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 )
	=	87.66	/	32482.236
	=	0.00

3M India's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	87.66	/	32482.236
	=	0.00

3M India (BOM:523395) 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.

3M India LT-Debt-to-Total-Asset Related Terms

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3M India (BOM:523395) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M India Ltd (BOM:523395) » Definitions » LT-Debt-to-Total-Asset

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3MINDIA:India

Address

36 Infantry Road, WeWork Prestige Central, 3rd Floor, Tasker Town, Bengaluru, KA, IND, 560001

Website

https://www.3m.com

3M India Ltd is an Indian conglomerate operating in various industries. The company's operating segments include Safety and Industrial which includes vinyl, polyester, foil, and specialty industrial tapes and adhesives and other specialty Materials. Transportation and Electronics consist of personal protection products, border control products, and passive fire protection products. Consumer business includes products scotch brand, adhesives, packaging protection platforms, and others whereas the Healthcare segment consists of medical and surgical supplies, medical devices, skin and wound care and infection prevention products and solutions, drug delivery systems, dental and orthodontic products, and food safety products.

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