DOMS Industries (BOM:544045) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2023)

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What is DOMS 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. DOMS Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.15.

DOMS Industries's long-term debt to total assets ratio increased from Mar. 2022 (0.07) to Sep. 2023 (0.15). It may suggest that DOMS Industries is progressively becoming more dependent on debt to grow their business.

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

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

DOMS Industries Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.07

DOMS Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
LT-Debt-to-Total-Asset	0.07	0.07	0.07	0.15

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

DOMS Industries'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 )
	=	454.12	/	6397.83
	=	0.07

DOMS Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1220.28	/	8294.57
	=	0.15

DOMS Industries (BOM:544045) 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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DOMS Industries (BOM:544045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DOMS Industries Ltd (BOM:544045) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DOMS:India

Address

Plot No. 117, 52 Hector Expansion Area, G.I.D.C., District Valsad, Umbergaon, GJ, IND, 396171

Website

https://www.domsindia.com

DOMS Industries Ltd is engaged in the manufacturing of stationery and art material products in India. It designs, develops, manufactures, and sells products, primarily under DOMS brand. Its products are classified across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.

DOMS Industries (BOM:544045) Headlines

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