AMIC Forging (BOM:544037) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2023)

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What is AMIC Forging 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. AMIC Forging's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.07.

AMIC Forging's long-term debt to total assets ratio declined from Mar. 2021 (0.24) to Mar. 2023 (0.07). It may suggest that AMIC Forging is progressively becoming less dependent on debt to grow their business.

AMIC Forging LT-Debt-to-Total-Asset Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging LT-Debt-to-Total-Asset Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.24

0.30

0.07

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.24	0.30	0.07

AMIC Forging LT-Debt-to-Total-Asset Calculation

AMIC Forging's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	42.512	/	610.799
	=	0.07

AMIC Forging's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	42.512	/	610.799
	=	0.07

AMIC Forging (BOM:544037) 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.

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AMIC Forging (BOM:544037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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