De Neers Tools (NSE:DENEERS) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2022)

View and export this data going back to 2023. Start your Free Trial

What is De Neers Tools 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. De Neers Tools's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.25.

De Neers Tools's long-term debt to total assets ratio increased from Mar. 2020 (0.09) to Mar. 2022 (0.25). It may suggest that De Neers Tools is progressively becoming more dependent on debt to grow their business.

De Neers Tools LT-Debt-to-Total-Asset Historical Data

The historical data trend for De Neers Tools'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.

De Neers Tools LT-Debt-to-Total-Asset Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.09

0.19

0.25

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
LT-Debt-to-Total-Asset	0.09	0.19	0.25

De Neers Tools LT-Debt-to-Total-Asset Calculation

De Neers Tools's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	243.585	/	993.352
	=	0.25

De Neers Tools's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (Q: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )	/	Total Assets (Q: Mar. 2022 )
	=	243.585	/	993.352
	=	0.25

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools LT-Debt-to-Total-Asset Related Terms

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

De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

De Neers Tools (NSE:DENEERS) Headlines

No Headlines