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Flair Writing Industries (NSE:FLAIR) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)


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What is Flair Writing 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. Flair Writing Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Flair Writing Industries's long-term debt to total assets ratio declined from Mar. 2022 (0.13) to Mar. 2024 (0.05). It may suggest that Flair Writing Industries is progressively becoming less dependent on debt to grow their business.

Flair Writing Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flair Writing 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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Flair Writing Industries LT-Debt-to-Total-Asset Chart

Flair Writing Industries Annual Data
Trend Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.24 0.24 0.13 0.07 0.05

Flair Writing Industries Semi-Annual Data
Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.24 0.24 0.13 0.07 0.05

Flair Writing Industries LT-Debt-to-Total-Asset Calculation

Flair Writing Industries'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 )
=509.43/11078.34
=0.05

Flair Writing 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 )
=509.43/11078.34
=0.05

* 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.

Flair Writing Industries  (NSE:FLAIR) 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.

Flair Writing Industries LT-Debt-to-Total-Asset Related Terms

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Flair Writing Industries (NSE:FLAIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (NSE:FLAIR) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
544030:India
Address
63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067
Website
https://www.flairworld.in
Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

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