Refex Industries (BOM:532884) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Refex 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. Refex Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Refex Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.17). It may suggest that Refex Industries is progressively becoming more dependent on debt to grow their business.

Refex Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Refex 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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Refex Industries LT-Debt-to-Total-Asset Chart

Refex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.19

0.16

0.14

0.17

Refex Industries 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															0.14	-	0.17	-	0.17

Refex Industries LT-Debt-to-Total-Asset Calculation

Refex Industries'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 )
	=	1381.297	/	7979.79
	=	0.17

Refex Industries'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 )
	=	1381.297	/	7979.79
	=	0.17

Refex Industries (BOM:532884) 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.

Refex Industries LT-Debt-to-Total-Asset Related Terms

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Refex Industries (BOM:532884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Refex Industries Ltd (BOM:532884) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

REFEX:India

Address

Venkat Narayana Road, New No. 10/2, Old No. 56L, 11th Floor, Bascon Futura IT Park, T. Nagar, Chennai, TN, IND, 600017

Website

https://www.refex.co.in

Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Service, Power Trading, and Other. Geographically, the business activities are operated through the region of India.

Refex Industries (BOM:532884) Headlines

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