National Plastic Technologies (BOM:531287) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is National Plastic Technologies 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. National Plastic Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

National Plastic Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.07). It may suggest that National Plastic Technologies is progressively becoming more dependent on debt to grow their business.

National Plastic Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Plastic Technologies'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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National Plastic Technologies LT-Debt-to-Total-Asset Chart

National Plastic Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.12

0.21

0.19

0.07

National Plastic Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.19	-	-	0.07

National Plastic Technologies LT-Debt-to-Total-Asset Calculation

National Plastic Technologies'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 )
	=	107.615	/	1617.216
	=	0.07

National Plastic Technologies'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 )
	=	107.615	/	1617.216
	=	0.07

National Plastic Technologies (BOM:531287) 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.

National Plastic Technologies LT-Debt-to-Total-Asset Related Terms

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National Plastic Technologies (BOM:531287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » National Plastic Technologies Ltd (BOM:531287) » Definitions » LT-Debt-to-Total-Asset

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Address

69, (Old No.44), Pantheon Road, Thiru Complex, II Floor, Egmore, Chennai, TN, IND, 600008

Website

https://www.nationalplasticsgroup.com

National Plastic Technologies Ltd is a manufacturer of plastic molded components. The company operates through single segments namely Injection molded plastic products. The company has four production plant situated in the state of Tamil Nadu (Guindy, Irrungattukottai (SIPCOT)), Himachal Pradesh (Sirmour) and in the Union Territory of Puducherry. The company caters to various industries including automotive, consumer electronics, Packaging, and information technology peripherals sectors.

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