G G Engineering (BOM:540614) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is G G Engineering 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. G G Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

G G Engineering's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that G G Engineering is progressively becoming more dependent on debt to grow their business.

G G Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for G G Engineering'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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G G Engineering LT-Debt-to-Total-Asset Chart

G G Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

G G Engineering 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	-	0.02	-	0.01

G G Engineering LT-Debt-to-Total-Asset Calculation

G G Engineering'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 )
	=	26.371	/	2321.391
	=	0.01

G G Engineering'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 )
	=	26.371	/	2321.391
	=	0.01

G G Engineering (BOM:540614) 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.

G G Engineering LT-Debt-to-Total-Asset Related Terms

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G G Engineering (BOM:540614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » G G Engineering Ltd (BOM:540614) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Office No. 306, 3rd Floor, hivam House Karam Pura Commercial Complex, Opposite Milan Cinema, New Delhi, IND, 110015

Website

https://www.ggengg.in

G G Engineering Ltd is an Indian-based company that provides industrial diesel generator sets. The company's operating segment includes Electric Parts Manufacturing, Manufacturing Packaged food juice, and cold drinks, and Iron and Steel Trading. It generates maximum revenue from the Iron and Steel Trading segment. Geographically, it operates only in India. The company's product includes Diesel Generator; RVM machine; Industrial Engine and Marine Engine.

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