Sapphire Textile Mills (KAR:SAPT) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

View and export this data going back to 1971. Start your Free Trial

What is Sapphire Textile Mills 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. Sapphire Textile Mills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Sapphire Textile Mills's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.27). It may suggest that Sapphire Textile Mills is progressively becoming less dependent on debt to grow their business.

Sapphire Textile Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sapphire Textile Mills'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.

* Premium members only.

Sapphire Textile Mills LT-Debt-to-Total-Asset Chart

Sapphire Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.54

0.52

0.42

0.36

0.35

Sapphire Textile Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.36	0.35	0.31	0.29	0.27

Sapphire Textile Mills LT-Debt-to-Total-Asset Calculation

Sapphire Textile Mills'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 )
	=	59827.247	/	171509.888
	=	0.35

Sapphire Textile Mills'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 )
	=	49449.083	/	186262.965
	=	0.27

Sapphire Textile Mills (KAR:SAPT) 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.

Sapphire Textile Mills LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sapphire Textile Mills's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sapphire Textile Mills (KAR:SAPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sapphire Textile Mills Ltd (KAR:SAPT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

I. I. Chundrigar Road, 212, Cotton Exchange Building, Karachi, SD, PAK

Website

https://www.sapphire.com.pk/stml

Sapphire Textile Mills Ltd is the company mainly involved in the manufacturing and sale of yarn, fabrics, home textile products, finishing and printing of fabrics. Its segments include Spinning, Weaving, Processing, printing, Home Textile & Textile Retail, and Power Generation. Geographically, it generates the majority of the revenue from the domestic market.

Sapphire Textile Mills (KAR:SAPT) Headlines

No Headlines