Active Fine Chemicals (DHA:ACTIVEFINE) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2023)

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What is Active Fine Chemicals 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. Active Fine Chemicals's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.02.

Active Fine Chemicals's long-term debt to total assets ratio declined from Dec. 2021 (0.02) to Mar. 2023 (0.02). It may suggest that Active Fine Chemicals is progressively becoming less dependent on debt to grow their business.

Active Fine Chemicals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Active Fine Chemicals'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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Active Fine Chemicals LT-Debt-to-Total-Asset Chart

Active Fine Chemicals Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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0.05

0.03

0.02

Active Fine Chemicals Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Active Fine Chemicals LT-Debt-to-Total-Asset Calculation

Active Fine Chemicals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	195.918	/	9078.941
	=	0.02

Active Fine Chemicals'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 )
	=	195.701	/	9262.284
	=	0.02

Active Fine Chemicals (DHA:ACTIVEFINE) 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.

Active Fine Chemicals LT-Debt-to-Total-Asset Related Terms

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Active Fine Chemicals (DHA:ACTIVEFINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Active Fine Chemicals Ltd (DHA:ACTIVEFINE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

House number 87-89, Road number 04, Block number B, Niketon, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.afchem.com

Active Fine Chemicals Ltd is a Bangladesh based chemical company engaged in manufacturing active pharmaceutical ingredients and laboratory reagents. Its product offerings include azithromycin dihydrate, erythromycin ethyl succinate, erythromycin stearate, pantoprazole sodium sesquihydrate, venlafaxine HCL, sitagliptin phosphate monohydrate, and pregabalin. While it also manufactures laboratory reagents including HPLC Grade solvents, solvents, and powder reagents.

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