Agha Steel Industries (KAR:AGHA) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Agha Steel 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. Agha Steel Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Agha Steel Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.17) to Mar. 2024 (0.20). It may suggest that Agha Steel Industries is progressively becoming more dependent on debt to grow their business.

Agha Steel Industries LT-Debt-to-Total-Asset Historical Data

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

Agha Steel Industries Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.23

0.17

0.19

0.13

0.10

Agha Steel Industries Quarterly Data
	Jun19	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												0.17	0.10	0.18	0.18	0.20

Agha Steel Industries LT-Debt-to-Total-Asset Calculation

Agha Steel Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	4332.661	/	41979.985
	=	0.10

Agha Steel Industries'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 )
	=	7825.238	/	39994.75
	=	0.20

Agha Steel Industries (KAR:AGHA) 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.

Agha Steel Industries LT-Debt-to-Total-Asset Related Terms

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Agha Steel Industries (KAR:AGHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Agha Steel Industries Ltd (KAR:AGHA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-19 II Talwar, Block 5, Office 801 and 804, 8th Floor, Emerald Tower, Clifton, Karachi, SD, PAK

Website

https://www.aghasteel.com

Agha Steel Industries Ltd is engaged in the business of manufacturing and sale of steel bars, wire rods, and billets in Pakistan. The products of the company include Billets, Earthquake-resistant rebar G-60, Arcon 615 deformed Bar G-60, and E bar G-500+.

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