UltraTech Cement (LUX:ULCL1) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is UltraTech Cement 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. UltraTech Cement's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

UltraTech Cement's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.06). It may suggest that UltraTech Cement is progressively becoming less dependent on debt to grow their business.

UltraTech Cement LT-Debt-to-Total-Asset Historical Data

The historical data trend for UltraTech Cement'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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UltraTech Cement LT-Debt-to-Total-Asset Chart

UltraTech Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.17

0.08

0.07

0.06

UltraTech Cement 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															0.07	-	0.07	-	0.06

UltraTech Cement LT-Debt-to-Total-Asset Calculation

UltraTech Cement's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	752.805	/	12141.69
	=	0.06

UltraTech Cement'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 )
	=	752.805	/	12141.69
	=	0.06

UltraTech Cement (LUX:ULCL1) 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.

UltraTech Cement LT-Debt-to-Total-Asset Related Terms

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UltraTech Cement (LUX:ULCL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » UltraTech Cement Ltd (LUX:ULCL1) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ULTRACEMCO:India 532538:India

Address

Mahakali Caves Road, B Wing, Ahura Centre, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.ultratechcement.com

UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. UltraTech has one of the largest production capacities of any firm in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries.

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