Airo Lam (NSE:AIROLAM) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2023)

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What is Airo Lam 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. Airo Lam's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.08.

Airo Lam's long-term debt to total assets ratio declined from Jun. 2022 (0.13) to Jun. 2023 (0.08). It may suggest that Airo Lam is progressively becoming less dependent on debt to grow their business.

Airo Lam LT-Debt-to-Total-Asset Historical Data

The historical data trend for Airo Lam'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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Airo Lam LT-Debt-to-Total-Asset Chart

Airo Lam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.05

0.14

0.15

0.14

0.09

Airo Lam Quarterly Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	-	0.09	0.08

Airo Lam LT-Debt-to-Total-Asset Calculation

Airo Lam'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 )
	=	138.511	/	1621.691
	=	0.09

Airo Lam's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	132.967	/	1654.518
	=	0.08

Airo Lam (NSE:AIROLAM) 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.

Airo Lam LT-Debt-to-Total-Asset Related Terms

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Airo Lam (NSE:AIROLAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airo Lam Ltd (NSE:AIROLAM) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120

Website

https://www.airolam.com

Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings.

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