Paradeep Phosphates (BOM:543530) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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

Paradeep Phosphates's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.07). It may suggest that Paradeep Phosphates is progressively becoming more dependent on debt to grow their business.

Paradeep Phosphates LT-Debt-to-Total-Asset Historical Data

The historical data trend for Paradeep Phosphates'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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Paradeep Phosphates LT-Debt-to-Total-Asset Chart

Paradeep Phosphates Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.07

0.06

0.07

Paradeep Phosphates Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.06	-	0.06	-	0.07

Paradeep Phosphates LT-Debt-to-Total-Asset Calculation

Paradeep Phosphates'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 )
	=	6937.3	/	96611.3
	=	0.07

Paradeep Phosphates'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 )
	=	6937.3	/	96611.3
	=	0.07

Paradeep Phosphates (BOM:543530) 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.

Paradeep Phosphates LT-Debt-to-Total-Asset Related Terms

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Paradeep Phosphates (BOM:543530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Paradeep Phosphates Ltd (BOM:543530) » Definitions » LT-Debt-to-Total-Asset

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PARADEEP:India

Address

Off Cubbon Road, 3rd Floor, Adventz Centre 28 Union Street, Bengaluru, KA, IND, 560 001

Website

https://www.paradeepphosphates.com

Paradeep Phosphates Ltd is engaged in the manufacturing of Di-Ammonium Phosphate, Complex Fertilizers of NPK grades, and Zypmite. The company is also involved in the trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrients, and other materials.

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